Hub Group (NASDAQ:HUBG) Lifted to “Hold” at BidaskClub

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BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a research report released on Thursday morning, BidAskClub reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Hub Group from a buy rating to a hold rating in a report on Wednesday, July 3rd. Cowen raised shares of Hub Group from a market perform rating to an outperform rating and lowered their price target for the company from $54.00 to $53.00 in a report on Wednesday, May 22nd. UBS Group set a $46.00 price target on shares of Hub Group and gave the company a hold rating in a report on Wednesday, July 31st. Finally, ValuEngine raised shares of Hub Group from a sell rating to a hold rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Hub Group has a consensus rating of Hold and a consensus price target of $52.60.

Shares of HUBG opened at $46.11 on Thursday. The firm has a market capitalization of $1.55 billion, a PE ratio of 13.54 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.23 and a quick ratio of 1.23. Hub Group has a 1-year low of $34.02 and a 1-year high of $49.35. The company’s fifty day moving average price is $42.28 and its 200-day moving average price is $41.85.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.12. The firm had revenue of $921.16 million for the quarter, compared to analyst estimates of $973.45 million. Hub Group had a net margin of 5.69% and a return on equity of 11.40%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.66 earnings per share. As a group, research analysts anticipate that Hub Group will post 3.37 EPS for the current fiscal year.

In other Hub Group news, Director Charles R. Reaves sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total value of $211,050.00. Following the sale, the director now directly owns 67,127 shares of the company’s stock, valued at $2,833,430.67. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 5.94% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Strs Ohio boosted its holdings in Hub Group by 3.3% in the second quarter. Strs Ohio now owns 22,000 shares of the transportation company’s stock valued at $923,000 after purchasing an additional 700 shares during the last quarter. Quantinno Capital Management LP acquired a new position in shares of Hub Group in the first quarter worth about $613,000. SG Americas Securities LLC acquired a new position in shares of Hub Group in the second quarter worth about $1,443,000. Comerica Bank raised its position in shares of Hub Group by 3.6% in the first quarter. Comerica Bank now owns 33,726 shares of the transportation company’s stock worth $1,429,000 after acquiring an additional 1,182 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its position in shares of Hub Group by 0.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock worth $136,592,000 after acquiring an additional 12,053 shares during the period. 91.50% of the stock is currently owned by institutional investors.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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