Hub Group (NASDAQ:HUBG) Upgraded to “Hold” at Zacks Research

Hub Group (NASDAQ:HUBG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently issued reports on the stock. Susquehanna reduced their price objective on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, September 24th. Raymond James Financial set a $40.00 price target on shares of Hub Group and gave the stock an “outperform” rating in a report on Tuesday, October 14th. BMO Capital Markets increased their price target on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Benchmark restated a “buy” rating and set a $40.00 price objective on shares of Hub Group in a research report on Wednesday, October 8th. Finally, Robert W. Baird cut their target price on Hub Group from $44.00 to $42.00 and set an “outperform” rating for the company in a research note on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.83.

Hub Group Trading Up 1.1%

Shares of NASDAQ:HUBG opened at $39.85 on Monday. The business’s 50 day simple moving average is $35.78 and its 200 day simple moving average is $35.34. Hub Group has a 1 year low of $30.75 and a 1 year high of $52.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $2.44 billion, a P/E ratio of 24.15, a P/E/G ratio of 1.23 and a beta of 1.14.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $934.50 million during the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The company’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. On average, research analysts anticipate that Hub Group will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Hub Group during the 1st quarter valued at $28,380,000. Millennium Management LLC raised its position in Hub Group by 138.4% in the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after purchasing an additional 661,018 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Hub Group by 90.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock valued at $46,398,000 after purchasing an additional 592,443 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in shares of Hub Group by 3,557.4% during the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock valued at $16,908,000 after purchasing an additional 491,958 shares in the last quarter. Finally, River Road Asset Management LLC grew its holdings in shares of Hub Group by 79.2% during the second quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after purchasing an additional 487,703 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.