Shares of Hub Group Inc. (NASDAQ:HUBG) were down 2.7% during mid-day trading on Wednesday . The stock traded as low as $39.45 and last traded at $40.12, with a volume of 253,719 shares trading hands. The stock had previously closed at $41.25.

Several analysts have issued reports on HUBG shares. Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Robert W. Baird increased their target price on shares of Hub Group from $38.00 to $41.00 in a report on Monday, April 4th. BB&T Corp. lowered shares of Hub Group from a “buy” rating to a “hold” rating in a report on Monday, April 25th. Royal Bank Of Canada increased their target price on shares of Hub Group from $35.00 to $40.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 27th. Finally, Stifel Nicolaus lowered shares of Hub Group from a “buy” rating to a “hold” rating and set a $38.00 target price for the company. in a report on Thursday, April 7th. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $39.25.

The firm’s 50-day moving average price is $39.74 and its 200 day moving average price is $37.52. The firm has a market capitalization of $1.41 billion and a price-to-earnings ratio of 18.39.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Tuesday, July 26th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. The business earned $855.60 million during the quarter, compared to the consensus estimate of $881.40 million. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was down 4.9% on a year-over-year basis. On average, analysts expect that Hub Group Inc. will post $2.24 EPS for the current fiscal year.

In related news, EVP James Gaw sold 60,000 shares of Hub Group 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 completion of the transaction, the executive vice president now directly owns 82,686 shares of the company’s stock, valued at approximately $3,575,342.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position 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 worth $57,628,000 after buying an additional 194,667 shares in the last quarter. Trexquant Investment LP bought a new stake in Hub Group during the fourth quarter valued at about $1,405,000. Systematic Financial Management LP bought a new stake in Hub Group during the fourth quarter valued at about $1,633,000. 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. Finally, J. Goldman & Co LP bought a new stake in Hub Group during the fourth quarter valued at about $6,426,000.

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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