Zacks Investment Research downgraded shares of Hub Group (NASDAQ:HUBG) from a buy rating to a hold rating in a report published on Wednesday morning.
According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “
HUBG has been the topic of several other reports. Buckingham Research initiated coverage on shares of Hub Group in a research note on Friday, October 20th. They set a neutral rating and a $43.00 price objective on the stock. Stephens restated an overweight rating and set a $57.00 price objective (up from $50.00) on shares of Hub Group in a research note on Thursday, December 14th. Robert W. Baird upgraded shares of Hub Group from a neutral rating to an outperform rating and boosted their price objective for the stock from $45.00 to $55.00 in a research note on Tuesday, December 19th. Barclays restated a sell rating and set a $45.00 price objective on shares of Hub Group in a research note on Wednesday, December 13th. Finally, BidaskClub upgraded shares of Hub Group from a hold rating to a buy rating in a research note on Saturday, December 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company. Hub Group has a consensus rating of Hold and a consensus price target of $48.38.
Shares of Hub Group (NASDAQ:HUBG) traded down $0.05 during mid-day trading on Wednesday, reaching $46.40. 351,000 shares of the company’s stock traded hands, compared to its average volume of 304,075. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.29. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The firm has a market cap of $1,584.55, a price-to-earnings ratio of 11.46, a P/E/G ratio of 1.33 and a beta of 1.40.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.22. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. Hub Group’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. equities analysts expect that Hub Group will post 2.33 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Shell Asset Management Co. boosted its holdings in shares of Hub Group by 135.5% during the 3rd quarter. Shell Asset Management Co. now owns 54,226 shares of the transportation company’s stock worth $2,198,000 after buying an additional 31,199 shares during the period. California Public Employees Retirement System boosted its holdings in shares of Hub Group by 8.1% during the 3rd quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock worth $3,565,000 after buying an additional 6,203 shares during the period. Walthausen & Co. LLC bought a new stake in shares of Hub Group during the 3rd quarter worth about $7,259,000. Wells Fargo & Company MN boosted its holdings in shares of Hub Group by 12.0% during the 3rd quarter. Wells Fargo & Company MN now owns 124,403 shares of the transportation company’s stock worth $5,342,000 after buying an additional 13,376 shares during the period. Finally, 1060 Capital LLC bought a new stake in shares of Hub Group during the 3rd quarter worth about $32,074,000. 92.89% of the stock is owned by institutional investors and hedge funds.
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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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