Hub Group, Inc. (HUBG) Stock Rating Reaffirmed by Robert W. Baird
Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “hold” rating reaffirmed by research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They presently have a $45.00 price target on the transportation company’s stock. Robert W. Baird’s price objective would suggest a potential upside of 10.70% from the company’s previous close.
A number of other brokerages have also recently weighed in on HUBG. Loop Capital initiated coverage on Hub Group in a research report on Tuesday. They issued a “hold” rating and a $47.00 price target for the company. KeyCorp restated a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Zacks Investment Research upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Hub Group in a research report on Sunday, October 1st. Finally, BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Hub Group presently has a consensus rating of “Hold” and a consensus price target of $43.63.
Hub Group (HUBG) traded down 0.61% during midday trading on Friday, hitting $40.70. 371,370 shares of the stock were exchanged. The firm has a 50-day moving average price of $39.81 and a 200-day moving average price of $38.78. Hub Group has a one year low of $33.17 and a one year high of $52.50. The stock has a market cap of $1.39 billion, a P/E ratio of 24.24 and a beta of 1.41.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The business had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. During the same period last year, the business posted $0.61 EPS. Hub Group’s revenue was up 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Hub Group will post $1.48 EPS for the current fiscal year.
In related news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the sale, the director now owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.36% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in Hub Group by 9.4% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 258,454 shares of the transportation company’s stock worth $11,993,000 after purchasing an additional 22,156 shares in the last quarter. Vanguard Group Inc. increased its position in Hub Group by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock worth $131,212,000 after purchasing an additional 99,076 shares in the last quarter. Amalgamated Bank purchased a new stake in Hub Group during the 1st quarter worth about $206,000. Highbridge Capital Management LLC purchased a new stake in Hub Group during the 1st quarter worth about $1,166,000. Finally, Invictus RG purchased a new stake in Hub Group during the 1st quarter worth about $279,000. Hedge funds and other institutional investors own 91.06% of the company’s stock.
About Hub Group
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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