Evercore ISI Upgrades Hub Group (NASDAQ:HUBG) to “Strong-Buy”

Hub Group (NASDAQ:HUBG) was upgraded by equities research analysts at Evercore ISI from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other brokerages also recently weighed in on HUBG. BMO Capital Markets boosted their target price on Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. UBS Group restated a “neutral” rating and set a $38.00 price target (up previously from $36.00) on shares of Hub Group in a research report on Friday, October 10th. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Hub Group in a research report on Wednesday, October 8th. Barclays reduced their target price on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Moderate Buy” and an average target price of $44.60.

Hub Group Trading Down 0.8%

NASDAQ HUBG opened at $46.78 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The business has a fifty day simple moving average of $40.78 and a 200 day simple moving average of $37.42. Hub Group has a 12 month low of $30.75 and a 12 month high of $47.68. The firm has a market capitalization of $2.86 billion, a P/E ratio of 27.04, a PEG ratio of 1.32 and a beta of 1.14.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $934.50 million during the quarter, compared to analyst estimates of $937.78 million. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The business’s revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. On average, analysts predict that Hub Group will post 2.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Gary Yablon purchased 4,566 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were purchased at an average cost of $43.73 per share, for a total transaction of $199,671.18. Following the completion of the transaction, the director directly owned 32,778 shares in the company, valued at approximately $1,433,381.94. This represents a 16.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the completion of the transaction, the chief executive officer owned 168,315 shares of the company’s stock, valued at $7,351,999.20. This trade represents a 15.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.48% of the stock is owned by company insiders.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in shares of Hub Group in the third quarter worth $35,000. Quarry LP increased its stake in Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after acquiring an additional 809 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 321 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after purchasing an additional 850 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,145 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.