Hub Group’s (HUBG) “Sell” Rating Reiterated at Barclays PLC
A number of other equities research analysts also recently issued reports on the stock. Stifel Nicolaus downgraded shares of Hub Group from a buy rating to a hold rating and set a $44.00 price objective for the company. in a research report on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Hub Group from a hold rating to a sell rating in a research report on Monday, December 5th. Finally, Susquehanna started coverage on shares of Hub Group in a research report on Tuesday, December 20th. They set a positive rating for the company. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $41.00.
Shares of Hub Group (NASDAQ:HUBG) traded up 2.02% on Tuesday, reaching $45.55. 16,823 shares of the company’s stock traded hands. The company’s 50-day moving average price is $43.78 and its 200 day moving average price is $40.95. Hub Group has a one year low of $28.19 and a one year high of $46.15. The firm has a market cap of $1.54 billion, a P/E ratio of 19.95 and a beta of 1.21.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, October 26th. The company reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by $0.01. Hub Group had a return on equity of 13.12% and a net margin of 2.27%. The firm earned $932.81 million during the quarter, compared to the consensus estimate of $393.30 million. During the same period in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. On average, equities analysts forecast that Hub Group will post $2.21 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management acquired a new position in Hub Group during the third quarter valued at approximately $1,402,000. Panagora Asset Management Inc. increased its position in Hub Group by 103.6% in the third quarter. Panagora Asset Management Inc. now owns 30,211 shares of the company’s stock valued at $1,231,000 after buying an additional 15,376 shares during the period. D. E. Shaw & Co. Inc. increased its position in Hub Group by 7.2% in the third quarter. D. E. Shaw & Co. Inc. now owns 239,676 shares of the company’s stock valued at $9,769,000 after buying an additional 16,054 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Hub Group during the third quarter valued at approximately $934,000. Finally, HBK Investments L P increased its position in Hub Group by 9.2% in the third quarter. HBK Investments L P now owns 21,408 shares of the company’s stock valued at $873,000 after buying an additional 1,808 shares during the period. 95.12% of the stock is owned by institutional investors.
Hub Group Company Profile
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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