Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “hold” rating reiterated by BMO Capital Markets in a note issued to investors on Wednesday, September 20th. They currently have a $42.00 price objective on the transportation company’s stock. BMO Capital Markets’ target price would indicate a potential downside of 1.41% from the company’s previous close.
Several other analysts also recently issued reports on HUBG. J P Morgan Chase & Co initiated coverage on shares of Hub Group in a report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price objective for the company. Stifel Nicolaus upgraded shares of Hub Group from a “hold” rating to a “buy” rating and upped their target price for the company from $44.00 to $45.00 in a research note on Tuesday, May 30th. Cowen and Company upped their target price on shares of Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research note on Wednesday, May 31st. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. Finally, Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research note on Wednesday, July 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $40.83.
Shares of Hub Group (NASDAQ HUBG) traded up 1.29% during midday trading on Wednesday, hitting $43.15. 104,545 shares of the stock traded hands. Hub Group has a one year low of $33.17 and a one year high of $52.50. The firm has a 50-day moving average price of $37.12 and a 200 day moving average price of $39.26. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 25.70 and a beta of 1.38.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.08). The firm had revenue of $924.50 million for the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. Hub Group’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.61 earnings per share. Analysts anticipate that Hub Group will post $1.49 earnings per share for the current year.
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In other news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction on Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the transaction, the director now owns 67,947 shares in the company, valued at approximately $2,554,807.20. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.36% of the company’s stock.
Several hedge funds have recently made changes to their positions in HUBG. Russell Investments Group Ltd. raised its stake in shares of Hub Group by 2.0% in the 1st quarter. Russell Investments Group Ltd. now owns 90,898 shares of the transportation company’s stock valued at $4,217,000 after buying an additional 1,808 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Hub Group by 0.7% in the 1st quarter. Wells Fargo & Company MN now owns 123,579 shares of the transportation company’s stock valued at $5,734,000 after buying an additional 908 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Hub Group by 7.8% in the 1st quarter. Great West Life Assurance Co. Can now owns 47,246 shares of the transportation company’s stock valued at $2,190,000 after buying an additional 3,401 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Hub Group by 15.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 33,447 shares of the transportation company’s stock worth $1,552,000 after purchasing an additional 4,559 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Hub Group by 48.0% during the 1st quarter. First Trust Advisors LP now owns 46,023 shares of the transportation company’s stock worth $2,135,000 after purchasing an additional 14,918 shares in the last quarter. Institutional investors own 91.06% of the company’s stock.
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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