Hub Group Inc. (HUBG) Sees Unusually-High Trading Volume
Shares of Hub Group Inc. (NASDAQ:HUBG) saw strong trading volume on Wednesday . 368,357 shares changed hands during mid-day trading, an increase of 62% from the previous session’s volume of 227,044 shares.The stock last traded at $41.11 and had previously closed at $40.61.
Several equities analysts have commented on the company. BB&T Corp. downgraded Hub Group from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Royal Bank Of Canada raised their price objective 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 upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 7th. TheStreet upgraded Hub Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 17th. Finally, Stifel Nicolaus downgraded Hub Group from a “buy” rating to a “hold” rating and set a $38.00 price objective for the company. in a research report on Thursday, April 7th. Eleven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Hub Group has an average rating of “Hold” and an average price target of $39.13.
The firm has a market capitalization of $1.43 billion and a price-to-earnings ratio of 18.67. The company has a 50 day moving average of $39.60 and a 200-day moving average of $36.96.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Tuesday, April 26th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.40 by $0.18. During the same quarter in the prior year, the business posted $0.32 earnings per share. The business had revenue of $805.60 million for the quarter, compared to analysts’ expectations of $841.49 million. The business’s revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts forecast that Hub Group Inc. will post $2.24 EPS for the current fiscal year.
In other Hub Group news, EVP James Gaw sold 60,000 shares of the stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $43.24, for a total transaction of $2,594,400.00. Following the sale, the executive vice president now directly owns 82,686 shares in the company, valued at approximately $3,575,342.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Several institutional investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in Hub Group during the fourth quarter valued at $1,405,000. Rhumbline Advisers boosted its position in Hub Group by 7.2% in the fourth quarter. Rhumbline Advisers now owns 46,590 shares of the company’s stock valued at $1,535,000 after buying an additional 3,110 shares during the last quarter. Bank of Montreal Can boosted 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 last quarter. Systematic Financial Management LP purchased a new position in Hub Group during the fourth quarter valued at $1,633,000. Finally, California State Teachers Retirement System boosted its position in Hub Group by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 66,834 shares of the company’s stock valued at $2,202,000 after buying an additional 1,037 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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