Hub Group Inc (NASDAQ:HUBG)’s share price hit a new 52-week high on Thursday following a better than expected earnings announcement. The stock traded as high as $56.60 and last traded at $50.75, with a volume of 88137 shares changing hands. The stock had previously closed at $52.15.

The transportation company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.18. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a net margin of 3.33% and a return on equity of 9.48%. The company’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS.

A number of research firms recently commented on HUBG. ValuEngine raised shares of Hub Group from a “hold” rating to a “buy” rating in a research report on Friday. Stephens set a $62.00 target price on shares of Hub Group and gave the company a “buy” rating in a research report on Thursday. Susquehanna Bancshares increased their target price on shares of Hub Group from $61.00 to $64.00 and gave the company a “positive” rating in a research report on Thursday. UBS Group increased their target price on shares of Hub Group from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 target price on shares of Hub Group in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.36.

Large investors have recently modified their holdings of the stock. Amalgamated Bank acquired a new stake in Hub Group during the 2nd quarter worth $256,000. Victory Capital Management Inc. boosted its stake in Hub Group by 47.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock worth $229,000 after purchasing an additional 1,759 shares during the period. Xact Kapitalforvaltning AB acquired a new stake in Hub Group during the 1st quarter worth $299,000. Verition Fund Management LLC boosted its stake in Hub Group by 85.7% during the 1st quarter. Verition Fund Management LLC now owns 8,230 shares of the transportation company’s stock worth $344,000 after purchasing an additional 3,797 shares during the period. Finally, Koch Industries Inc. boosted its stake in Hub Group by 67.8% during the 1st quarter. Koch Industries Inc. now owns 9,942 shares of the transportation company’s stock worth $416,000 after purchasing an additional 4,018 shares during the period. Hedge funds and other institutional investors own 92.79% of the company’s stock.

The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.27 and a current ratio of 1.27.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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