Hub Group, Inc. (NASDAQ:HUBG) had its target price upped by UBS AG from $47.00 to $48.00 in a research report sent to investors on Friday morning, www.benzinga.com reports. The firm currently has a buy rating on the transportation company’s stock.
HUBG has been the subject of a number of other reports. KeyCorp reaffirmed a neutral rating on shares of Hub Group in a report on Friday, August 25th. Cowen and Company reaffirmed a hold rating and set a $40.00 price objective on shares of Hub Group in a report on Thursday, October 12th. Buckingham Research started coverage on shares of Hub Group in a report on Friday, October 20th. They set a neutral rating and a $43.00 price objective for the company. Zacks Investment Research raised shares of Hub Group from a hold rating to a buy rating and set a $48.00 price objective for the company in a report on Monday, October 2nd. Finally, Loop Capital started coverage on shares of Hub Group in a report on Tuesday, October 3rd. They set a hold rating and a $47.00 price objective for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Hub Group has an average rating of Hold and a consensus price target of $45.30.
Shares of Hub Group (NASDAQ HUBG) opened at 44.65 on Friday. The company has a market capitalization of $1.52 billion, a PE ratio of 26.59 and a beta of 1.41. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The firm’s 50-day moving average price is $40.65 and its 200 day moving average price is $38.10.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $0.54 EPS. The firm’s revenue was up 13.0% compared to the same quarter last year. Equities analysts predict that Hub Group will post $1.47 EPS for the current fiscal year.
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In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the business’s 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 sale, the director now directly owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.36% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Hub Group by 4.1% in the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock worth $201,232,000 after purchasing an additional 209,062 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hub Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after purchasing an additional 67,018 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hub Group by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock worth $96,575,000 after purchasing an additional 177,503 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Hub Group by 6.5% in the second quarter. Fisher Asset Management LLC now owns 1,551,209 shares of the transportation company’s stock worth $59,489,000 after purchasing an additional 95,344 shares during the last quarter. Finally, Nuance Investments LLC lifted its stake in Hub Group by 229.7% in the second quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock worth $58,199,000 after purchasing an additional 1,057,338 shares during the last quarter. 89.95% of the stock is owned by institutional investors and hedge funds.
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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