Hub Group Inc. (NASDAQ:HUBG)’s share price fell 2.3% on Monday . The company traded as low as $39.96 and last traded at $39.97, with a volume of 93,897 shares traded. The stock had previously closed at $40.92.

A number of brokerages have weighed in on HUBG. Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Royal Bank Of Canada boosted their target price on Hub Group from $35.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 27th. BB&T Corp. lowered Hub Group from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Stifel Nicolaus lowered Hub Group from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a research report on Thursday, April 7th. Finally, Robert W. Baird boosted their target price on Hub Group from $38.00 to $41.00 in a research report on Monday, April 4th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $39.13.

The stock’s 50-day moving average price is $39.68 and its 200 day moving average price is $37.13. The company has a market capitalization of $1.40 billion and a P/E ratio of 18.24.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.18. The company had revenue of $805.60 million for the quarter, compared to analyst estimates of $841.49 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s quarterly revenue was down 3.6% on a year-over-year basis. Analysts predict that Hub Group Inc. will post $2.24 earnings per share for the current year.

In other Hub Group news, EVP James Gaw sold 60,000 shares of the company’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $43.24, for a total transaction of $2,594,400.00. Following the sale, the executive vice president now directly owns 82,686 shares of the company’s stock, valued at $3,575,342.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Several hedge funds recently added to or reduced their stakes in the stock. Nuance Investments LLC boosted its stake in Hub Group by 762.0% in the fourth quarter. Nuance Investments LLC now owns 325,033 shares of the company’s stock valued at $10,710,000 after buying an additional 287,325 shares during the period. J. Goldman & Co LP bought a new stake in Hub Group during the fourth quarter valued at approximately $6,426,000. Dimensional Fund Advisors LP boosted its stake in Hub Group by 12.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,748,954 shares of the company’s stock valued at $57,628,000 after buying an additional 194,667 shares during the period. Victory Capital Management Inc. boosted its stake in Hub Group by 42.7% in the fourth quarter. Victory Capital Management Inc. now owns 580,507 shares of the company’s stock valued at $19,128,000 after buying an additional 173,833 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in Hub Group by 3.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 3,624,069 shares of the company’s stock valued at $119,413,000 after buying an additional 130,270 shares during the period.

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. The Company 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 who enter into contractual arrangements with Mode LLC.

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