KeyCorp Reaffirms “Hold” Rating for Hub Group, Inc. (HUBG)
Hub Group, Inc. (NASDAQ:HUBG)‘s stock had its “hold” rating reiterated by research analysts at KeyCorp in a report released on Tuesday.
Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Hub Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Cowen and Company raised 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. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Barclays PLC cut their price target on Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Finally, Stifel Nicolaus restated a “buy” rating and set a $45.00 price target on shares of Hub Group in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Hub Group has an average rating of “Hold” and an average price target of $40.83.
Shares of Hub Group (HUBG) traded up 1.93% during mid-day trading on Tuesday, reaching $42.25. The company’s stock had a trading volume of 365,512 shares. The company’s 50-day moving average price is $37.12 and its 200-day moving average price is $39.26. The stock has a market capitalization of $1.44 billion, a P/E ratio of 25.16 and a beta of 1.38. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.08). The business had revenue of $924.50 million for the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. On average, equities research analysts forecast that Hub Group will post $1.49 earnings per share for the current fiscal year.
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In other news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the transaction, the director now owns 67,947 shares in the company, valued at approximately $2,554,807.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 5.36% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in shares of Hub Group in the 1st quarter worth approximately $112,000. Ameritas Investment Partners Inc. purchased a new position in shares of Hub Group in the 1st quarter worth approximately $134,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after purchasing an additional 573 shares during the period. Stevens Capital Management LP purchased a new position in shares of Hub Group in the 1st quarter worth approximately $203,000. Finally, Amalgamated Bank purchased a new position in shares of Hub Group in the 1st quarter worth approximately $206,000. Hedge funds and other institutional investors own 91.06% 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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