Hub Group (NASDAQ:HUBG) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research report sent to investors 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 equities research analysts also recently issued reports about the stock. Stifel Nicolaus restated a buy rating and set a $45.00 price objective on shares of Hub Group in a research report on Thursday, September 7th. UBS Group raised their price objective on shares of Hub Group from $47.00 to $48.00 and gave the stock a buy rating in a research report on Friday, October 27th. BidaskClub upgraded shares of Hub Group from a hold rating to a buy rating in a research report on Saturday, December 2nd. Cowen restated a hold rating and set a $40.00 price objective on shares of Hub Group in a research report on Thursday, October 12th. Finally, Robert W. Baird restated a hold rating and set a $45.00 price objective on shares of Hub Group in a research report on Friday, October 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. Hub Group currently has a consensus rating of Hold and an average price target of $48.42.

Shares of Hub Group (HUBG) opened at $51.25 on Wednesday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1,768.76, a PE ratio of 31.83, a P/E/G ratio of 1.57 and a beta of 1.50. Hub Group has a one year low of $33.17 and a one year high of $52.50.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. equities analysts predict that Hub Group will post 1.7 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Hub Group by 4.1% during the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock worth $201,232,000 after purchasing an additional 209,062 shares during the period. Vanguard Group Inc. increased its holdings in shares of Hub Group by 2.4% during the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after purchasing an additional 67,018 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Hub Group by 1.2% during the third quarter. Dimensional Fund Advisors LP now owns 2,549,524 shares of the transportation company’s stock worth $109,502,000 after purchasing an additional 31,287 shares during the period. Nuance Investments LLC increased its holdings in shares of Hub Group by 12.8% during the third quarter. Nuance Investments LLC now owns 1,711,119 shares of the transportation company’s stock worth $73,493,000 after purchasing an additional 193,540 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Hub Group by 97.9% in the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock valued at $55,074,000 after acquiring an additional 634,448 shares during the last quarter. 93.84% of the stock is currently 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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