BidaskClub upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a report published on Wednesday.

HUBG has been the subject of a number of other research reports. Morgan Stanley boosted their price target on Hub Group from $45.00 to $49.00 and gave the stock an equal weight rating in a report on Monday, August 6th. ValuEngine lowered Hub Group from a buy rating to a hold rating in a research report on Tuesday, July 24th. Cowen restated a hold rating and set a $53.00 price objective on shares of Hub Group in a research report on Thursday, August 2nd. BMO Capital Markets boosted their price objective on Hub Group from $49.00 to $50.00 and gave the stock a market perform rating in a research report on Friday, October 26th. Finally, Zacks Investment Research lowered Hub Group from a buy rating to a hold rating in a research report on Thursday, October 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $56.83.

Hub Group stock opened at $46.56 on Wednesday. The company has a quick ratio of 1.18, a current ratio of 1.54 and a debt-to-equity ratio of 0.23. Hub Group has a 52 week low of $38.40 and a 52 week high of $56.60. The firm has a market cap of $1.67 billion, a PE ratio of 24.38 and a beta of 1.43.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Hub Group had a return on equity of 10.77% and a net margin of 5.78%. The company had revenue of $933.22 million during the quarter, compared to analysts’ expectations of $1.11 billion. As a group, research analysts forecast that Hub Group will post 2.75 EPS for the current year.

In other Hub Group news, Director Charles R. Reaves sold 2,500 shares of the company’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total value of $125,600.00. Following the sale, the director now owns 68,768 shares in the company, valued at approximately $3,454,904.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 5.75% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC grew its position in shares of Hub Group by 16.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after buying an additional 973 shares during the last quarter. Granite Investment Partners LLC grew its position in shares of Hub Group by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 300,801 shares of the transportation company’s stock valued at $14,980,000 after buying an additional 1,382 shares during the last quarter. US Bancorp DE grew its position in shares of Hub Group by 17.0% in the 3rd quarter. US Bancorp DE now owns 10,035 shares of the transportation company’s stock valued at $457,000 after buying an additional 1,456 shares during the last quarter. Stone Ridge Asset Management LLC grew its position in shares of Hub Group by 17.6% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 13,208 shares of the transportation company’s stock valued at $602,000 after buying an additional 1,977 shares during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Hub Group by 3.9% in the 3rd quarter. Wells Fargo & Company MN now owns 56,906 shares of the transportation company’s stock valued at $2,595,000 after buying an additional 2,156 shares during the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Hub Group Company Profile

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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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