Hub Group, Inc. (HUBG) Receives Consensus Recommendation of “Hold” from Analysts
Hub Group, Inc. (NASDAQ:HUBG) has received a consensus recommendation of “Hold” from the sixteen brokerages that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $45.00.
A number of research analysts have weighed in on HUBG shares. Robert W. Baird reissued a “hold” rating and set a $45.00 target price on shares of Hub Group in a research report on Friday, October 6th. Loop Capital started coverage on shares of Hub Group in a research report on Tuesday, October 3rd. They set a “hold” rating and a $47.00 target price for the company. KeyCorp reissued a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Buckingham Research started coverage on shares of Hub Group in a research report on Friday, October 20th. They set a “neutral” rating and a $43.00 target price for the company. Finally, Zacks Investment Research raised shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th.
Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 EPS.
In other news, Director Charles R. Reaves sold 6,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the transaction, the director now owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.36% of the company’s stock.
Several large investors have recently bought and sold shares of HUBG. BlackRock Inc. increased its holdings in shares of Hub Group by 19,453.7% during the 1st quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after purchasing an additional 5,012,438 shares during the period. Nuance Investments LLC increased its holdings in shares of 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 purchasing an additional 1,057,338 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Hub Group by 42.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock worth $24,843,000 after purchasing an additional 193,994 shares during the period. Bank of Montreal Can increased its holdings in shares of Hub Group by 345.4% during the 2nd quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock worth $9,031,000 after purchasing an additional 182,622 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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 purchasing an additional 177,503 shares during the period. Institutional investors own 89.95% of the company’s stock.
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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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