BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a report released on Tuesday.
Several other analysts have also weighed in on the company. Zacks Investment Research raised Hub Group from a sell rating to a hold rating in a report on Wednesday, January 10th. Barclays reissued a sell rating and set a $45.00 price objective on shares of Hub Group in a report on Wednesday, December 13th. Robert W. Baird raised Hub Group from a neutral rating to an outperform rating and lifted their price objective for the stock from $45.00 to $55.00 in a report on Tuesday, December 19th. Morgan Stanley lifted their price objective on Hub Group from $40.00 to $43.00 and gave the stock an equal weight rating in a report on Tuesday, February 13th. Finally, Stephens reissued an overweight rating and set a $57.00 price objective (up previously from $50.00) on shares of Hub Group in a report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $48.38.
Shares of Hub Group (NASDAQ:HUBG) opened at $45.00 on Tuesday. Hub Group has a fifty-two week low of $33.17 and a fifty-two week high of $52.25. The firm has a market capitalization of $1,550.54, a P/E ratio of 11.11, a PEG ratio of 1.29 and a beta of 1.43. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.29.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.22. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the firm earned $0.55 EPS. Hub Group’s revenue for the quarter was up 18.8% compared to the same quarter last year. research analysts expect that Hub Group will post 2.33 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its position 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. Wells Fargo & Company MN lifted its position 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. Walthausen & Co. LLC bought a new position in shares of Hub Group during the 3rd quarter worth approximately $7,259,000. 1060 Capital LLC bought a new position in shares of Hub Group during the 3rd quarter worth approximately $32,074,000. Finally, Chartwell Investment Partners LLC lifted its position in shares of Hub Group by 88.4% during the 3rd quarter. Chartwell Investment Partners LLC now owns 259,025 shares of the transportation company’s stock worth $11,125,000 after buying an additional 121,550 shares during the period. Institutional investors and hedge funds own 93.63% of the company’s stock.
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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