Hub Group, Inc. (NASDAQ:HUBG) was the recipient of a large decrease in short interest in November. As of November 15th, there was short interest totalling 567,520 shares, a decrease of 25.2% from the October 31st total of 758,388 shares. Based on an average daily trading volume, of 311,785 shares, the short-interest ratio is presently 1.8 days. Currently, 1.8% of the shares of the stock are sold short.
Hub Group (NASDAQ:HUBG) opened at $47.60 on Tuesday. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $1,613.55, a PE ratio of 27.66, a PEG ratio of 1.87 and a beta of 1.49.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. sell-side analysts expect that Hub Group will post 1.69 earnings per share for the current year.
A number of equities analysts recently issued reports on the stock. BidaskClub upgraded shares of Hub Group from a “hold” rating to a “buy” rating in a research report on Saturday. UBS increased their target price on shares of Hub Group from $47.00 to $48.00 and gave the company a “buy” rating in a research report on Friday, October 27th. Wells Fargo & Company reiterated a “market perform” rating and issued a $46.00 target price (up previously from $37.00) on shares of Hub Group in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Monday, October 2nd. Finally, Barclays raised their price objective on shares of Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $45.36.
Hedge funds have recently bought and sold shares of the business. Shell Asset Management Co. lifted its stake in Hub Group by 135.5% during the third quarter. Shell Asset Management Co. now owns 54,226 shares of the transportation company’s stock valued at $2,198,000 after buying an additional 31,199 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Hub Group by 41.7% during the second quarter. Ameriprise Financial Inc. now owns 256,085 shares of the transportation company’s stock valued at $9,840,000 after buying an additional 75,298 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Hub Group by 2.9% during the second quarter. Great West Life Assurance Co. Can now owns 48,606 shares of the transportation company’s stock valued at $1,862,000 after buying an additional 1,360 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new stake in Hub Group during the second quarter valued at about $278,000. Finally, Citadel Advisors LLC lifted its stake in Hub Group by 342.4% during the second quarter. Citadel Advisors LLC now owns 136,438 shares of the transportation company’s stock valued at $5,232,000 after buying an additional 105,601 shares in the last quarter. 93.87% of the stock is owned by institutional investors.
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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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