Hub Group (NASDAQ:HUBG) had its price objective trimmed by Buckingham Research from $53.00 to $46.00 in a research note issued to investors on Friday. The brokerage currently has a neutral rating on the transportation company’s stock.
Several other analysts have also issued reports on the company. Zacks Investment Research lowered Hub Group from a buy rating to a hold rating in a research note on Thursday. ValuEngine raised Hub Group from a sell rating to a hold rating in a research note on Monday, October 8th. BMO Capital Markets cut their target price on Hub Group from $55.00 to $49.00 and set a market perform rating for the company in a research note on Wednesday, October 3rd. BidaskClub lowered Hub Group from a sell rating to a strong sell rating in a research note on Friday, September 28th. Finally, Loop Capital cut their target price on Hub Group to $58.00 and set a buy rating for the company in a research note on Tuesday, September 4th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. Hub Group has an average rating of Hold and a consensus target price of $53.69.
HUBG traded up $0.73 during midday trading on Friday, hitting $43.32. The stock had a trading volume of 365,480 shares, compared to its average volume of 304,896. The firm has a market cap of $1.57 billion, a P/E ratio of 22.68 and a beta of 1.53. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. Hub Group has a 1 year low of $37.90 and a 1 year high of $56.60.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.18. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.10 billion. Hub Group had a return on equity of 10.32% and a net margin of 3.42%. Hub Group’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 earnings per share. On average, equities analysts anticipate that Hub Group will post 2.77 earnings per share for the current year.
In other Hub Group news, Director Charles R. Reaves sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the completion of the sale, the director now owns 68,768 shares in the company, valued at $3,454,904.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.75% of the company’s stock.
A number of hedge funds have recently made changes to their positions in HUBG. Wells Fargo & Company MN lifted its position in Hub Group by 37.9% in the first quarter. Wells Fargo & Company MN now owns 178,933 shares of the transportation company’s stock valued at $7,488,000 after purchasing an additional 49,162 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Hub Group by 1.2% during the first quarter. Northern Trust Corp now owns 408,482 shares of the transportation company’s stock valued at $17,095,000 after acquiring an additional 4,862 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Hub Group by 1.3% during the first quarter. BlackRock Inc. now owns 4,311,508 shares of the transportation company’s stock valued at $180,438,000 after acquiring an additional 56,405 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Hub Group by 11.8% during the first quarter. California Public Employees Retirement System now owns 91,573 shares of the transportation company’s stock valued at $3,832,000 after acquiring an additional 9,641 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of Hub Group by 85.1% during the first quarter. Stifel Financial Corp now owns 11,934 shares of the transportation company’s stock valued at $499,000 after acquiring an additional 5,488 shares in the last quarter. Hedge funds and other institutional investors own 91.24% of the company’s stock.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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