Hub Group Inc. (HUBG) Reaches New 52-Week High at $41.88
Hub Group Inc. (NASDAQ:HUBG) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $41.88 and last traded at $41.74, with a volume of 53,062 shares. The stock had previously closed at $41.32.
A number of brokerages have commented on HUBG. Cowen and Company began coverage on shares of Hub Group in a research note on Wednesday, August 17th. They set a “market perform” rating and a $43.00 price target for the company. Royal Bank Of Canada raised 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 note on Wednesday, April 27th. Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, BMO Capital Markets restated a “hold” rating and set a $40.00 price target on shares of Hub Group in a research note on Wednesday, July 27th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $39.67.
The company has a market capitalization of $1.42 billion and a price-to-earnings ratio of 18.12. The firm’s 50 day moving average price is $40.67 and its 200 day moving average price is $39.05.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. The company earned $855.60 million during the quarter, compared to the consensus estimate of $881.40 million. Hub Group’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. On average, equities research analysts expect that Hub Group Inc. will post $2.30 EPS for the current year.
A number of institutional investors recently modified their holdings of the stock. Trexquant Investment LP bought a new position in shares of Hub Group during the fourth quarter valued at approximately $1,405,000. Systematic Financial Management LP bought a new position in shares of Hub Group during the fourth quarter valued at approximately $1,633,000. Dimensional Fund Advisors LP increased its position in shares of 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 last quarter. Finally, Bank of Montreal Can increased its position in shares of 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 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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