Seaport Global Securities Initiates Coverage on Hub Group, Inc. (HUBG)
Analysts at Seaport Global Securities initiated coverage on shares of Hub Group, Inc. (NASDAQ:HUBG) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.
Several other analysts also recently weighed in on the company. Stifel Nicolaus downgraded Hub Group from a “buy” rating to a “hold” rating and set a $44.00 target price for the company. in a research note on Tuesday, November 22nd. They noted that the move was a valuation call. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, February 8th. Barclays PLC restated a “sell” rating and set a $43.00 target price on shares of Hub Group in a research note on Tuesday, January 10th. Susquehanna Bancshares Inc initiated coverage on Hub Group in a research note on Tuesday, December 20th. They set a “positive” rating for the company. Finally, Cowen and Company increased their target price on Hub Group from $41.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, February 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. Hub Group presently has a consensus rating of “Hold” and an average target price of $44.29.
Hub Group (NASDAQ:HUBG) opened at 50.60 on Wednesday. The company’s 50-day moving average price is $45.97 and its 200-day moving average price is $42.30. The company has a market capitalization of $1.71 billion, a P/E ratio of 23.00 and a beta of 1.21. Hub Group has a 52 week low of $34.35 and a 52 week high of $51.75.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 2nd. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.07. Hub Group had a return on equity of 12.55% and a net margin of 2.09%. The firm earned $978.60 million during the quarter, compared to the consensus estimate of $936.63 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. On average, equities analysts forecast that Hub Group will post $2.40 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the company. Peregrine Capital Management LLC purchased a new stake in shares of Hub Group during the third quarter worth approximately $24,268,000. Folger Hill Asset Management LP increased its stake in shares of Hub Group by 742.7% in the fourth quarter. Folger Hill Asset Management LP now owns 362,329 shares of the company’s stock worth $15,852,000 after buying an additional 319,331 shares in the last quarter. Nuance Investments LLC increased its stake in shares of Hub Group by 33.2% in the second quarter. Nuance Investments LLC now owns 561,620 shares of the company’s stock worth $21,549,000 after buying an additional 139,952 shares in the last quarter. BlackRock Advisors LLC increased its stake in shares of Hub Group by 39.4% in the third quarter. BlackRock Advisors LLC now owns 494,462 shares of the company’s stock worth $20,154,000 after buying an additional 139,870 shares in the last quarter. Finally, BlackRock Fund Advisors increased its stake in shares of Hub Group by 5.8% in the third quarter. BlackRock Fund Advisors now owns 2,365,696 shares of the company’s stock worth $96,426,000 after buying an additional 129,383 shares in the last quarter. Institutional investors own 94.59% 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. The Company 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 who enter into contractual arrangements with Mode LLC.
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