Hub Group, Inc. (NASDAQ:HUBG) was upgraded by equities researchers at Stephens from an “equal weight” rating to an “overweight” rating in a report released on Friday, October 27th, Marketbeat Ratings reports.
A number of other brokerages have also recently issued reports on HUBG. Robert W. Baird reiterated a “hold” rating and set a $45.00 target price on shares of Hub Group in a research report on Friday, October 6th. Loop Capital assumed coverage on shares of Hub Group in a research report on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price objective for the company. KeyCorp restated a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Buckingham Research assumed coverage on shares of Hub Group in a research report on Friday, October 20th. They issued a “neutral” rating and a $43.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $45.36.
Shares of Hub Group (HUBG) traded down $0.35 during trading on Friday, hitting $43.70. 222,500 shares of the company were exchanged, compared to its average volume of 329,418. The firm has a market cap of $1,502.68, a PE ratio of 25.76, a P/E/G ratio of 1.74 and a beta of 1.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the company posted $0.54 EPS. equities analysts predict that Hub Group will post 1.69 EPS for the current year.
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In other news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the transaction, the director now owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.36% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP boosted its stake in Hub Group by 37.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after acquiring an additional 915 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Hub Group by 12.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares during the last quarter. Amalgamated Bank bought a new position in Hub Group during the 1st quarter worth approximately $206,000. US Bancorp DE boosted its stake in Hub Group by 235.9% during the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after acquiring an additional 3,880 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Hub Group by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,608 shares of the transportation company’s stock worth $253,000 after acquiring an additional 2,918 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors and hedge funds.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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