Hub Group (NASDAQ:HUBG) had its target price hoisted by Buckingham Research from $46.00 to $54.00 in a report issued on Tuesday morning. Buckingham Research currently has a neutral rating on the transportation company’s stock.
A number of other equities research analysts have also recently weighed in on the company. ValuEngine cut Hub Group from a hold rating to a sell rating in a report on Tuesday, October 2nd. BidaskClub cut Hub Group from a hold rating to a sell rating in a research note on Saturday, September 15th. BMO Capital Markets lowered 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. Loop Capital lowered 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. Finally, UBS Group lifted their target price on Hub Group from $56.00 to $61.00 and gave the company a buy rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $55.08.
HUBG stock traded down $0.65 during midday trading on Tuesday, reaching $45.80. 11,396 shares of the company’s stock traded hands, compared to its average volume of 427,257. Hub Group has a 1-year low of $38.40 and a 1-year high of $56.60. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.05 and a beta of 1.52. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.54 and a quick ratio of 1.18.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The firm had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. On average, equities analysts expect that Hub Group will post 2.73 earnings per share for the current fiscal year.
In other news, Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction 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 directly owns 68,768 shares of the company’s stock, valued at approximately $3,454,904.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.75% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. CIBC Asset Management Inc bought a new position in shares of Hub Group in the 2nd quarter worth $216,000. Amalgamated Bank bought a new position in shares of Hub Group in the 2nd quarter worth $256,000. Sawtooth Solutions LLC bought a new position in shares of Hub Group in the 2nd quarter worth $262,000. Tower Research Capital LLC TRC boosted its position in shares of Hub Group by 16.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock worth $336,000 after purchasing an additional 973 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Hub Group in the 2nd quarter worth $355,000. Institutional investors and hedge funds own 91.20% of the company’s stock.
Hub Group Company Profile
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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