Hub Group, Inc. (HUBG) Rating Reiterated by Cowen and Company

Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “hold” rating restated by investment analysts at Cowen and Company in a note issued to investors on Thursday. They presently have a $40.00 target price on the transportation company’s stock. Cowen and Company’s price objective points to a potential upside of 1.52% from the stock’s current price.

HUBG has been the subject of several other reports. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Barclays PLC decreased their price objective on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $45.00 price objective on shares of Hub Group in a report on Thursday, September 7th. Finally, BMO Capital Markets restated a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Hub Group currently has an average rating of “Hold” and a consensus target price of $45.00.

Hub Group (NASDAQ:HUBG) traded down 3.19% during midday trading on Thursday, hitting $39.40. 499,243 shares of the stock traded hands. The stock’s 50-day moving average price is $40.36 and its 200 day moving average price is $38.57. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 23.47 and a beta of 1.41. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data 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). Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Hub Group will post $1.48 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Hub Group, Inc. (HUBG) Rating Reiterated by Cowen and Company” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/14/hub-group-inc-hubg-rating-reiterated-by-cowen-and-company.html.

In related news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now directly owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund boosted its holdings in shares of Hub Group by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 24,441 shares of the transportation company’s stock valued at $937,000 after acquiring an additional 208 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Hub Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 30,566 shares of the transportation company’s stock valued at $1,172,000 after acquiring an additional 232 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Hub Group by 4.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 310 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Hub Group by 2.3% during the 1st quarter. Arizona State Retirement System now owns 17,473 shares of the transportation company’s stock valued at $811,000 after acquiring an additional 400 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Hub Group by 0.6% during the 1st quarter. California Public Employees Retirement System now

HUBG has been the subject of several other reports. Zacks Investment Research lowered shares of Hub Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Barclays PLC decreased their price objective on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and issued a $45.00 price objective on shares of Hub Group in a report on Thursday, September 7th. Finally, BMO Capital Markets restated a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a report on Wednesday, September 20th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Hub Group currently has an average rating of “Hold” and a consensus target price of $45.00.

Hub Group (NASDAQ:HUBG) traded down 3.19% during midday trading on Thursday, hitting $39.40. 499,243 shares of the stock traded hands. The stock’s 50-day moving average price is $40.36 and its 200 day moving average price is $38.57. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 23.47 and a beta of 1.41. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data 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). Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same quarter last year, the company posted $0.61 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Hub Group will post $1.48 EPS for the current year.

TRADEMARK VIOLATION WARNING: “Hub Group, Inc. (HUBG) Rating Reiterated by Cowen and Company” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/14/hub-group-inc-hubg-rating-reiterated-by-cowen-and-company.html.

In related news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now directly owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.36% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Texas Permanent School Fund boosted its holdings in shares of Hub Group by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 24,441 shares of the transportation company’s stock valued at $937,000 after acquiring an additional 208 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Hub Group by 0.8% during the 2nd quarter. Macquarie Group Ltd. now owns 30,566 shares of the transportation company’s stock valued at $1,172,000 after acquiring an additional 232 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Hub Group by 4.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 7,900 shares of the transportation company’s stock valued at $303,000 after acquiring an additional 310 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Hub Group by 2.3% during the 1st quarter. Arizona State Retirement System now owns 17,473 shares of the transportation company’s stock valued at $811,000 after acquiring an additional 400 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of Hub Group by 0.6% during the 1st quarter. California Public Employees Retirement System now owns 69,700 shares of the transportation company’s stock valued at $3,234,000 after acquiring an additional 400 shares during the last quarter. 91.06% of the stock is currently owned by hedge funds and other 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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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