Stifel Nicolaus reissued their hold rating on shares of Hub Group Inc (NASDAQ:HUBG) in a research report report published on Friday, April 14th. They currently have a $44.00 target price on the transportation company’s stock, down from their previous target price of $51.00.
A number of other equities research analysts have also recently weighed in on HUBG. Susquehanna Bancshares Inc initiated coverage on Hub Group in a research note on Tuesday, December 20th. They issued a positive rating for the company. Zacks Investment Research raised Hub Group from a sell rating to a hold rating in a research note on Wednesday, December 28th. Barclays PLC reissued a sell rating and set a $43.00 target price on shares of Hub Group in a research note on Tuesday, January 10th. Cowen and Company boosted their target price on Hub Group from $41.00 to $48.00 and gave the stock a market perform rating in a research note on Friday, February 3rd. Finally, Seaport Global Securities started coverage on Hub Group in a research report on Wednesday, February 15th. They set a buy rating for the company. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $44.80.
Hub Group (NASDAQ:HUBG) traded up 2.37% during trading on Friday, hitting $34.60. The stock had a trading volume of 210,283 shares. The company has a market cap of $1.18 billion, a PE ratio of 17.27 and a beta of 1.21. Hub Group has a 12 month low of $33.70 and a 12 month high of $52.50. The company’s 50 day moving average is $40.15 and its 200-day moving average is $43.88.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, April 26th. The transportation company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.01. Hub Group had a return on equity of 12.55% and a net margin of 2.09%. The business had revenue of $893.45 million during the quarter, compared to analysts’ expectations of $891.96 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, equities research analysts predict that Hub Group will post $1.68 earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Investment Management LLC boosted its position in Hub Group by 0.5% in the third quarter. BlackRock Investment Management LLC now owns 141,972 shares of the transportation company’s stock valued at $5,787,000 after buying an additional 763 shares during the last quarter. BlackRock Advisors LLC boosted its position in Hub Group by 39.4% in the third quarter. BlackRock Advisors LLC now owns 494,462 shares of the transportation company’s stock valued at $20,154,000 after buying an additional 139,870 shares during the last quarter. Airain ltd acquired a new position in Hub Group during the third quarter valued at about $620,000. JPMorgan Chase & Co. boosted its position in Hub Group by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 141,648 shares of the transportation company’s stock valued at $5,774,000 after buying an additional 685 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Hub Group by 21.1% in the third quarter. UBS Asset Management Americas Inc. now owns 28,381 shares of the transportation company’s stock valued at $1,158,000 after buying an additional 4,949 shares during the last quarter. Institutional investors own 94.59% 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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