Brokerages Set Hub Group, Inc. (HUBG) PT at $40.40
Shares of Hub Group, Inc. (NASDAQ:HUBG) have earned an average rating of “Hold” from the eleven research firms that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.40.
A number of equities analysts have recently weighed in on HUBG shares. J P Morgan Chase & Co started coverage on shares of Hub Group in a research report on Tuesday, May 23rd. They issued a “neutral” rating and a $37.00 price objective for the company. Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $45.00 in a research report on Tuesday, May 30th. Cowen and Company boosted their price objective on shares of Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. BidaskClub raised shares of Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Finally, Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research report on Wednesday, July 5th.
Hub Group (HUBG) remained flat at $39.50 during mid-day trading on Tuesday. 382,222 shares of the company traded hands. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50. The stock’s 50-day moving average is $36.72 and its 200-day moving average is $39.56. The company has a market cap of $1.35 billion, a P/E ratio of 23.53 and a beta of 1.38.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). The firm had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. Analysts expect that Hub Group will post $1.49 earnings per share for the current fiscal year.
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In related news, Director Charles R. Reaves sold 6,000 shares of the business’s stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the sale, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.36% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio grew its holdings in Hub Group by 12.7% in the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after purchasing an additional 573 shares during the period. Verition Fund Management LLC grew its holdings in Hub Group by 161.2% in the second quarter. Verition Fund Management LLC now owns 13,706 shares of the transportation company’s stock valued at $526,000 after purchasing an additional 8,459 shares during the period. Piedmont Investment Advisors LLC purchased a new stake in Hub Group in the second quarter valued at approximately $278,000. The Manufacturers Life Insurance Company grew its holdings in Hub Group by 3.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,762 shares of the transportation company’s stock valued at $1,025,000 after purchasing an additional 858 shares during the period. Finally, State Street Corp grew its holdings in Hub Group by 0.6% in the second quarter. State Street Corp now owns 938,618 shares of the transportation company’s stock valued at $35,996,000 after purchasing an additional 5,141 shares during the period. Hedge funds and other institutional investors own 91.08% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It 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 entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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