Hub Group, Inc. (HUBG) Downgraded by Zacks Investment Research
Hub Group, Inc. (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “
HUBG has been the topic of a number of other research reports. Cowen and Company boosted their price target on Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. TheStreet downgraded Hub Group from a “b” rating to a “c+” rating in a report on Friday, April 28th. Stifel Nicolaus restated a “hold” rating and set a $44.00 price target (down previously from $51.00) on shares of Hub Group in a report on Friday, April 14th. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Finally, J P Morgan Chase & Co began coverage on Hub Group in a report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Hub Group has an average rating of “Hold” and a consensus target price of $42.00.
Hub Group (NASDAQ:HUBG) traded down 1.30% on Thursday, reaching $37.90. The company’s stock had a trading volume of 249,787 shares. Hub Group has a 12 month low of $33.45 and a 12 month high of $52.50. The company has a market cap of $1.29 billion, a P/E ratio of 18.92 and a beta of 1.42. The company has a 50-day moving average price of $36.08 and a 200 day moving average price of $42.82.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, April 26th. The transportation company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.01. Hub Group had a return on equity of 11.09% and a net margin of 1.84%. The company had revenue of $893.45 million for the quarter, compared to the consensus estimate of $891.96 million. During the same quarter in the previous year, the business earned $0.51 EPS. Hub Group’s revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts anticipate that Hub Group will post $1.67 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently bought and sold shares of the company. Miles Capital Inc. increased its position in Hub Group by 0.3% in the first quarter. Miles Capital Inc. now owns 5,105 shares of the transportation company’s stock worth $237,000 after buying an additional 13 shares during the period. State of Alaska Department of Revenue increased its position in Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the period. Anchor Capital Advisors LLC increased its position in Hub Group by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 28,341 shares of the transportation company’s stock worth $1,315,000 after buying an additional 94 shares during the period. Louisiana State Employees Retirement System increased its position in Hub Group by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock worth $631,000 after buying an additional 300 shares during the period. Finally, Alambic Investment Management L.P. increased its position in Hub Group by 3.9% in the first quarter. Alambic Investment Management L.P. now owns 7,900 shares of the transportation company’s stock worth $367,000 after buying an additional 300 shares during the period. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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