Zacks Investment Research Downgrades Hub Group, Inc. (NASDAQ:HUBG) to Sell

Hub Group, Inc. (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “

Several other research firms have also recently commented on HUBG. Cowen and Company reaffirmed a “market perform” rating and issued a $41.00 target price (down from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. BidaskClub raised shares of Hub Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 29th. TheStreet cut shares of Hub Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Stifel Nicolaus reissued a “hold” rating and set a $44.00 price objective (down from $51.00) on shares of Hub Group in a research note on Friday, April 14th. Finally, J P Morgan Chase & Co initiated coverage on shares of Hub Group in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Hub Group currently has an average rating of “Hold” and a consensus target price of $40.83.

Hub Group (NASDAQ HUBG) opened at 34.50 on Tuesday. The company has a 50-day moving average price of $37.62 and a 200 day moving average price of $41.69. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 20.55 and a beta of 1.40. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.61 earnings per share. Equities analysts predict that Hub Group will post $1.49 earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. Algert Global LLC bought a new stake in shares of Hub Group during the first quarter valued at about $290,000. Great West Life Assurance Co. Can raised its position in Hub Group by 7.8% in the first 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 during the last quarter. Russell Investments Group Ltd. raised its position in Hub Group by 2.0% in the first 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 during the last quarter. Schwab Charles Investment Management Inc. raised its position in Hub Group by 9.4% in the first quarter. Schwab Charles Investment Management Inc. now owns 258,454 shares of the transportation company’s stock valued at $11,993,000 after buying an additional 22,156 shares during the last quarter. Finally, Highbridge Capital Management LLC acquired a new position in Hub Group during the first quarter valued at $1,166,000. 94.37% of the stock is owned by institutional investors.

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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