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

HUBG has been the topic of a number of recent research reports. Cowen and Company initiated coverage on Hub Group in a research note on Wednesday, August 17th. They issued a “market perform” rating and a $43.00 target price on the stock. Zacks Investment Research upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 7th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $40.00 target price 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.67.

The stock has a market cap of $1.37 billion and a PE ratio of 17.45. The stock has a 50-day moving average price of $40.75 and a 200-day moving average price of $39.09.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. The firm had revenue of $855.60 million for the quarter, compared to the consensus estimate of $881.40 million. During the same quarter in the prior year, the firm posted $0.51 earnings per share. The business’s revenue for the quarter was down 4.9% on a year-over-year basis. On average, equities research analysts anticipate that Hub Group Inc. will post $2.30 EPS for the current year.

A number of hedge funds recently made changes to their positions in the stock. Trexquant Investment LP bought a new stake in shares of Hub Group during the fourth quarter worth $1,405,000. Dimensional Fund Advisors LP boosted its stake 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 worth $57,628,000 after buying an additional 194,667 shares during the period. Finally, Bank of Montreal Can boosted its stake 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 worth $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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