Equities researchers at Buckingham Research began coverage on shares of Hub Group, Inc. (NASDAQ:HUBG) in a note issued to investors on Friday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $43.00 price target on the transportation company’s stock. Buckingham Research’s price target points to a potential upside of 8.04% from the company’s current price.

A number of other research firms also recently weighed in on HUBG. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Monday, October 2nd. Stifel Nicolaus restated a “buy” rating and issued a $50.00 price target on shares of Hub Group in a research note on Sunday, October 1st. Barclays PLC raised their price target on shares of Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. Loop Capital began coverage on shares of Hub Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price target on the stock. Finally, KeyCorp restated a “hold” rating on shares of Hub Group in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. Hub Group has an average rating of “Hold” and an average target price of $44.78.

Shares of Hub Group (NASDAQ HUBG) traded up 0.76% during trading on Friday, hitting $39.80. 528,628 shares of the company’s stock were exchanged. The stock has a market cap of $1.36 billion, a PE ratio of 23.70 and a beta of 1.41. The stock’s 50-day moving average price is $40.48 and its 200-day moving average price is $38.32. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.08). Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The company had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, equities analysts expect that Hub Group will post $1.48 earnings per share for the current fiscal year.

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In related news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now directly owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 5.36% of the stock is owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Hub Group by 4.1% during the 2nd quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock worth $201,232,000 after buying an additional 209,062 shares during the period. Vanguard Group Inc. boosted its position in Hub Group by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after buying an additional 67,018 shares during the period. Dimensional Fund Advisors LP boosted its position in Hub Group by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock worth $96,575,000 after buying an additional 177,503 shares during the period. Fisher Asset Management LLC boosted its position in Hub Group by 6.5% during the 2nd 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 period. Finally, Nuance Investments LLC boosted its position in Hub Group by 229.7% during the 2nd quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock worth $58,199,000 after buying an additional 1,057,338 shares during the period. Institutional investors and hedge funds 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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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