Shares of Hub Group Inc. (NASDAQ:HUBG) dropped 2.3% during mid-day trading on Monday . The stock traded as low as $39.96 and last traded at $39.97, with a volume of 93,897 shares trading hands. The stock had previously closed at $40.92.

HUBG has been the subject of several research reports. Zacks Investment Research cut shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Wednesday, June 29th. BB&T Corp. cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Stifel Nicolaus cut shares of Hub Group from a “buy” rating to a “hold” rating and set a $38.00 price target for the company. in a research report on Thursday, April 7th. Robert W. Baird upped their price target on shares of Hub Group from $38.00 to $41.00 in a research report on Monday, April 4th. Finally, Royal Bank Of Canada upped their price target on shares of Hub Group from $35.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 27th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $39.13.

The stock’s 50 day moving average price is $39.70 and its 200 day moving average price is $37.17. The company has a market cap of $1.40 billion and a price-to-earnings ratio of 18.17.

Hub Group (NASDAQ:HUBG) last released its earnings results on Tuesday, April 26th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.18. During the same quarter in the previous year, the company earned $0.32 EPS. The company earned $805.60 million during the quarter, compared to analysts’ expectations of $841.49 million. The firm’s quarterly revenue was down 3.6% compared to the same quarter last year. Equities research analysts forecast that Hub Group Inc. will post $2.24 earnings per share for the current year.

In other news, EVP James Gaw sold 60,000 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 82,686 shares in the company, valued at approximately $3,575,342.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Hub Group by 42.7% in the fourth quarter. Victory Capital Management Inc. now owns 580,507 shares of the company’s stock worth $19,128,000 after buying an additional 173,833 shares in the last quarter. J. Goldman & Co LP acquired a new position in Hub Group during the fourth quarter worth $6,426,000. Diamond Hill Capital Management Inc. increased its position 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 worth $119,413,000 after buying an additional 130,270 shares in the last quarter. Rhumbline Advisers increased its position in Hub Group by 7.2% in the fourth quarter. Rhumbline Advisers now owns 46,590 shares of the company’s stock worth $1,535,000 after buying an additional 3,110 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in Hub Group by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 244,705 shares of the company’s stock worth $8,063,000 after buying an additional 9,109 shares in the last quarter.

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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