Hub Group, Inc. (NASDAQ:HUBG) had its price objective raised by BMO Capital Markets from $42.00 to $44.00 in a report issued on Friday, October 27th. The firm currently has a market perform rating on the transportation company’s stock.
Several other analysts also recently commented on the company. Cowen and Company reissued a hold rating and issued a $40.00 price objective on shares of Hub Group in a research note on Monday, August 28th. BidaskClub raised Hub Group from a strong sell rating to a sell rating in a research report on Thursday, June 29th. KeyCorp reaffirmed a neutral rating on shares of Hub Group in a research report on Friday, August 25th. Zacks Investment Research raised Hub Group from a hold rating to a buy rating and set a $43.00 price target for the company in a research report on Wednesday, July 5th. Finally, J P Morgan Chase & Co increased their price target on Hub Group from $40.00 to $48.00 and gave the company a neutral rating in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $45.36.
Shares of Hub Group (NASDAQ HUBG) opened at $43.70 on Friday. The company has a market capitalization of $1,502.68, a P/E ratio of 25.76, a PEG ratio of 1.74 and a beta of 1.46. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50. 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 (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, topping the consensus estimate of $0.40 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. equities research 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 on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the transaction, the director now directly owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.36% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Hub Group by 4.1% during the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock valued at $201,232,000 after buying an additional 209,062 shares during the period. Vanguard Group Inc. boosted its stake in Hub Group by 2.4% during the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after buying an additional 67,018 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hub Group by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock valued at $96,575,000 after buying an additional 177,503 shares during the period. Nuance Investments LLC boosted its stake in Hub Group by 12.8% during the third quarter. Nuance Investments LLC now owns 1,711,119 shares of the transportation company’s stock valued at $73,493,000 after buying an additional 193,540 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Hub Group by 6.5% during the second quarter. Fisher Asset Management LLC now owns 1,551,209 shares of the transportation company’s stock valued at $59,489,000 after buying an additional 95,344 shares during the period. 90.01% of the stock is owned by hedge funds and other institutional investors.
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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