Shares of Hub Group Inc. (NASDAQ:HUBG) traded down 3.1% on Thursday . The company traded as low as $40.20 and last traded at $40.24, with a volume of 127,276 shares. The stock had previously closed at $41.53.

A number of brokerages have recently issued reports on HUBG. Cowen and Company began coverage on Hub Group in a research report on Wednesday, August 17th. They set a “market perform” rating and a $43.00 price target on the stock. Royal Bank Of Canada upped their price target 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. 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 reaffirmed a “hold” rating and set a $40.00 price target on shares of Hub Group in a research report on Wednesday, July 27th. Eleven research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Hub Group currently has an average rating of “Hold” and a consensus target price of $39.67.

The firm has a market cap of $1.37 billion and a P/E ratio of 17.49. The company’s 50 day moving average is $40.67 and its 200-day moving average is $39.05.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results 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 business earned $855.60 million during the quarter, compared to analysts’ expectations of $881.40 million. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.51 EPS. On average, equities research analysts anticipate that Hub Group Inc. will post $2.30 EPS for the current year.

A number of institutional investors have modified their holdings of HUBG. Dimensional Fund Advisors LP boosted 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 in the last quarter. Trexquant Investment LP purchased a new stake in Hub Group during the fourth quarter valued at about $1,405,000. Systematic Financial Management LP purchased a new stake in Hub Group during the fourth quarter valued at about $1,633,000. Finally, Bank of Montreal Can boosted its stake 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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