BidaskClub Upgrades Hub Group (NASDAQ:HUBG) to Hold

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BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a research note released on Thursday morning, BidAskClub reports.

A number of other research analysts have also recently issued reports on HUBG. Cowen raised Hub Group from a market perform rating to an outperform rating and reduced their price objective for the company from $54.00 to $53.00 in a research note on Wednesday, May 22nd. Zacks Investment Research lowered shares of Hub Group from a buy rating to a hold rating in a report on Wednesday, July 3rd. UBS Group set a $46.00 target price on shares of Hub Group and gave the stock a hold rating in a report on Wednesday, July 31st. Finally, ValuEngine upgraded shares of Hub Group from a sell rating to a hold rating in a report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Hub Group currently has a consensus rating of Hold and a consensus price target of $52.60.

Hub Group stock opened at $46.11 on Thursday. The stock has a market cap of $1.55 billion, a P/E ratio of 17.67 and a beta of 1.60. Hub Group has a fifty-two week low of $34.02 and a fifty-two week high of $49.35. The firm’s fifty day moving average price is $42.28 and its 200-day moving average price is $41.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.23 and a current ratio of 1.23.

Hub Group (NASDAQ:HUBG) last released its earnings results on Tuesday, July 30th. The transportation company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. The business had revenue of $921.16 million for the quarter, compared to analysts’ expectations of $973.45 million. Hub Group had a return on equity of 11.40% and a net margin of 5.69%. The firm’s revenue was up 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.66 earnings per share. Sell-side analysts predict that Hub Group will post 3.37 earnings per share for the current year.

In other news, Director Charles R. Reaves sold 5,000 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total transaction of $211,050.00. Following the completion of the sale, the director now directly owns 67,127 shares in the company, valued at $2,833,430.67. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.94% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Hub Group by 3.8% in the second quarter. BlackRock Inc. now owns 5,302,785 shares of the transportation company’s stock worth $222,610,000 after buying an additional 195,468 shares during the period. Diamond Hill Capital Management Inc. grew its position in Hub Group by 0.4% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock worth $136,592,000 after purchasing an additional 12,053 shares during the period. Dimensional Fund Advisors LP grew its position in Hub Group by 3.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,833,599 shares of the transportation company’s stock worth $105,041,000 after purchasing an additional 107,547 shares during the period. Prudential Financial Inc. grew its position in Hub Group by 58.1% in the 2nd quarter. Prudential Financial Inc. now owns 716,104 shares of the transportation company’s stock worth $30,062,000 after purchasing an additional 263,223 shares during the period. Finally, Nuveen Asset Management LLC bought a new stake in Hub Group in the 2nd quarter worth approximately $25,715,000. Institutional investors own 91.50% of the company’s stock.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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