Hub Group Inc. (HUBG) Reaches New 1-Year High at $41.88
Hub Group Inc. (NASDAQ:HUBG)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $41.88 and last traded at $41.74, with a volume of 53,062 shares trading hands. The stock had previously closed at $41.32.
Several equities analysts have commented on the company. Cowen and Company assumed coverage on Hub Group in a report on Wednesday, August 17th. They set a “market perform” rating and a $43.00 price target on the stock. BB&T Corp. cut Hub Group from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Royal Bank Of Canada increased their price objective on Hub Group from $35.00 to $40.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 27th. Zacks Investment Research raised Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $40.00 price objective on shares of Hub Group in a research report on Wednesday, July 27th. Eleven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.67.
The company has a 50-day moving average of $40.55 and a 200 day moving average of $38.98. The stock has a market capitalization of $1.42 billion and a PE ratio of 18.069.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company had revenue of $855.60 million for the quarter, compared to analyst estimates of $881.40 million. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same period last year, the firm earned $0.51 EPS. Equities analysts predict that Hub Group Inc. will post $2.30 EPS for the current year.
Several hedge funds and institutional investors recently bought and sold shares of HUBG. Dimensional Fund Advisors LP raised 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 valued at $57,628,000 after buying an additional 194,667 shares during the period. Trexquant Investment LP bought a new position in Hub Group during the fourth quarter valued at $1,405,000. Systematic Financial Management LP bought a new position in Hub Group during the fourth quarter valued at $1,633,000. Wells Fargo & Company MN raised its position in Hub Group by 19.0% in the fourth quarter. Wells Fargo & Company MN now owns 683,886 shares of the company’s stock valued at $22,534,000 after buying an additional 109,427 shares during the period. Finally, Bank of Montreal Can raised its position in Hub Group by 8,731.1% in the fourth quarter. Bank of Montreal Can now owns 49,101 shares of the company’s stock valued at $1,618,000 after buying an additional 48,545 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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