Hub Group (NASDAQ:HUBG) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.
Other analysts also recently issued reports about the stock. BMO Capital Markets reiterated a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a report on Wednesday, September 20th. Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Stifel Nicolaus restated a “buy” rating and set a $45.00 target price on shares of Hub Group in a report on Thursday, September 7th. Stephens upgraded shares of Hub Group from an “equal weight” rating to an “overweight” rating in a report on Friday, October 27th. Finally, UBS boosted their target price on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $45.36.
Hub Group (NASDAQ HUBG) traded down $0.50 during midday trading on Friday, hitting $47.30. 285,022 shares of the stock were exchanged, compared to its average volume of 242,817. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50. The firm has a market capitalization of $1,630.60, a P/E ratio of 27.95, a PEG ratio of 1.89 and a beta of 1.49.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP increased its holdings in Hub Group by 275.6% during the third quarter. GSA Capital Partners LLP now owns 26,680 shares of the transportation company’s stock worth $1,146,000 after buying an additional 19,577 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in Hub Group during the third quarter worth $100,000. Walthausen & Co. LLC bought a new position in Hub Group during the third quarter worth $7,259,000. California Public Employees Retirement System boosted its position in Hub Group by 8.1% during the third quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock worth $3,565,000 after purchasing an additional 6,203 shares during the period. Finally, Point72 Asset Management L.P. boosted its position in Hub Group by 162.0% during the third quarter. Point72 Asset Management L.P. now owns 118,700 shares of the transportation company’s stock worth $5,098,000 after purchasing an additional 73,400 shares during the period. Institutional investors and hedge funds own 93.78% 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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