Zacks Investment Research lowered shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research note released on Wednesday, January 3rd.
According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “
Other research analysts have also recently issued reports about the stock. Stifel Nicolaus reiterated a buy rating and set a $45.00 price objective on shares of Hub Group in a report on Thursday, September 7th. UBS Group lifted their price objective on shares of Hub Group from $47.00 to $48.00 and gave the company a buy rating in a report on Friday, October 27th. BidaskClub upgraded shares of Hub Group from a hold rating to a buy rating in a report on Saturday, December 2nd. Cowen restated a hold rating and set a $40.00 price target on shares of Hub Group in a report on Thursday, October 12th. Finally, Robert W. Baird restated a hold rating and set a $45.00 price target on shares of Hub Group in a report on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $47.58.
Hub Group (NASDAQ:HUBG) traded down $0.55 during mid-day trading on Wednesday, hitting $50.30. 237,076 shares of the stock traded hands, compared to its average volume of 250,586. The company has a market capitalization of $1,730.00, a P/E ratio of 31.44, a P/E/G ratio of 1.59 and a beta of 1.49. 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 current ratio of 1.19 and a quick ratio of 1.19.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating 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 net margin of 1.39% and a return on equity of 8.87%. The business’s revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. sell-side analysts expect that Hub Group will post 1.7 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its stake in Hub Group by 9.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 283,702 shares of the transportation company’s stock worth $10,880,000 after buying an additional 25,248 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Hub Group by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 68,893 shares of the transportation company’s stock valued at $2,642,000 after purchasing an additional 1,795 shares in the last quarter. SG Americas Securities LLC boosted its position in Hub Group by 157.3% during the 2nd quarter. SG Americas Securities LLC now owns 10,587 shares of the transportation company’s stock valued at $406,000 after buying an additional 6,472 shares during the period. Bank of New York Mellon Corp boosted its position in Hub Group by 42.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock valued at $24,843,000 after buying an additional 193,994 shares during the period. Finally, Legal & General Group Plc boosted its position in Hub Group by 5.1% during the 2nd quarter. Legal & General Group Plc now owns 84,005 shares of the transportation company’s stock valued at $3,222,000 after buying an additional 4,065 shares during the period. 93.84% of the stock is currently owned by institutional investors and hedge funds.
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About Hub Group
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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