Hub Group, Inc. (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “

Several other brokerages have also issued reports on HUBG. Cowen and Company restated a “market perform” rating and set a $41.00 target price (down previously from $44.00) on shares of Hub Group in a research report on Thursday, April 27th. Stifel Nicolaus upgraded Hub Group from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $45.00 in a research report on Tuesday, May 30th. BMO Capital Markets restated a “hold” rating and set a $42.00 target price on shares of Hub Group in a research report on Friday, May 19th. J P Morgan Chase & Co initiated coverage on Hub Group in a research report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 target price for the company. Finally, BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. Hub Group currently has a consensus rating of “Hold” and a consensus target price of $40.83.

Hub Group (NASDAQ HUBG) remained flat at $34.00 on Tuesday. 184,068 shares of the company were exchanged. The company has a market cap of $1.16 billion, a P/E ratio of 20.25 and a beta of 1.40. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The firm’s 50 day moving average is $37.87 and its 200-day moving average is $41.86.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The business had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. During the same quarter last year, the firm earned $0.61 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. On average, equities research analysts expect that Hub Group will post $1.49 EPS for the current fiscal year.

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Several hedge funds have recently made changes to their positions in HUBG. BlackRock Inc. increased its stake in shares of Hub Group by 19,453.7% in the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after buying an additional 5,012,438 shares during the last quarter. FMR LLC increased its stake in shares of Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock worth $151,754,000 after buying an additional 317,119 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Hub Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock worth $131,212,000 after buying an additional 99,076 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Hub Group by 6.5% in the second quarter. Fisher Asset Management LLC now owns 1,551,209 shares of the transportation company’s stock worth $59,489,000 after buying an additional 95,344 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Hub Group by 42.7% in the second quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock worth $24,843,000 after buying an additional 193,994 shares during the last quarter. Hedge funds and other institutional investors own 94.37% of the company’s stock.

About Hub Group

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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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