Hub Group, Inc. (NASDAQ:HUBG) has earned an average recommendation of “Hold” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $45.10.
Several research firms have recently issued reports on HUBG. Robert W. Baird restated a “hold” rating and issued a $45.00 price target on shares of Hub Group in a research report on Friday, October 6th. Loop Capital began coverage on Hub Group in a research report on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price target on the stock. KeyCorp restated a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Buckingham Research initiated coverage on Hub Group in a research report on Friday, October 20th. They issued a “neutral” rating and a $43.00 price target on the stock. Finally, Zacks Investment Research upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th.
In other news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the transaction, the director now owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.36% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Quantbot Technologies LP grew its position in shares of Hub Group by 37.8% in the second quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock valued at $128,000 after purchasing an additional 915 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Hub Group by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after purchasing an additional 573 shares during the last quarter. Amalgamated Bank bought a new stake in Hub Group during the first quarter worth $206,000. US Bancorp DE lifted its stake in Hub Group by 235.9% during the second quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after purchasing an additional 3,880 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Hub Group by 79.1% during the second quarter. State of Alaska Department of Revenue now owns 6,608 shares of the transportation company’s stock worth $253,000 after purchasing an additional 2,918 shares during the last quarter. 90.01% of the stock is currently owned by institutional investors.
Hub Group (NASDAQ HUBG) traded up $0.45 on Wednesday, reaching $44.75. The company’s stock had a trading volume of 34,362 shares, compared to its average volume of 441,505. The company has a market cap of $1,481.90, a PE ratio of 25.91, a PEG ratio of 1.75 and a beta of 1.46. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period last year, the firm posted $0.54 EPS. equities analysts predict that Hub Group will post 1.69 EPS for the current fiscal year.
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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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