Hub Group Inc (NASDAQ:HUBG) Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the completion of the transaction, the director now owns 68,768 shares in the company, valued at $3,454,904.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HUBG opened at $48.80 on Friday. The firm has a market cap of $1.72 billion, a P/E ratio of 25.55 and a beta of 1.51. Hub Group Inc has a 1 year low of $37.90 and a 1 year high of $56.60. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.23.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.18. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Hub Group had a return on equity of 10.32% and a net margin of 3.42%. The business’s revenue for the quarter was up 27.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 earnings per share. analysts predict that Hub Group Inc will post 2.74 earnings per share for the current year.

Several large investors have recently made changes to their positions in HUBG. Wells Fargo & Company MN lifted its position in shares of Hub Group by 37.9% in the first quarter. Wells Fargo & Company MN now owns 178,933 shares of the transportation company’s stock worth $7,488,000 after buying an additional 49,162 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Hub Group by 1.7% in the first quarter. Rhumbline Advisers now owns 82,013 shares of the transportation company’s stock worth $3,432,000 after buying an additional 1,376 shares during the last quarter. Alps Advisors Inc. acquired a new stake in shares of Hub Group in the first quarter worth about $447,000. Trexquant Investment LP acquired a new stake in shares of Hub Group in the first quarter worth about $932,000. Finally, Victory Capital Management Inc. lifted its position in shares of Hub Group by 47.3% in the first quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock worth $229,000 after buying an additional 1,759 shares during the last quarter. 91.71% of the stock is owned by institutional investors.

HUBG has been the topic of a number of recent research reports. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Wednesday, June 13th. Loop Capital lifted their price target on Hub Group to $54.00 and gave the company a “hold” rating in a report on Tuesday, June 26th. BidaskClub upgraded Hub Group from a “hold” rating to a “buy” rating in a report on Wednesday, June 13th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 price target on shares of Hub Group in a report on Thursday, August 2nd. Finally, UBS Group lifted their price target on Hub Group from $56.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $53.50.

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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