Hub Group, Inc. (HUBG) Given Market Perform Rating at Wells Fargo & Company
Wells Fargo & Company restated their market perform rating on shares of Hub Group, Inc. (NASDAQ:HUBG) in a research note issued to investors on Thursday morning. They currently have a $46.00 price objective on the transportation company’s stock, up from their previous price objective of $37.00. The analysts noted that the move was a valuation call.
A number of other analysts have also recently issued reports on the company. UBS AG boosted their target price on Hub Group from $47.00 to $48.00 and gave the stock a buy rating in a report on Friday, October 27th. BMO Capital Markets boosted their target price on Hub Group from $42.00 to $44.00 and gave the stock a market perform rating in a report on Friday, October 27th. Stephens upgraded Hub Group from an equal weight rating to an overweight rating in a report on Friday, October 27th. Buckingham Research began coverage on Hub Group in a report on Friday, October 20th. They set a neutral rating and a $43.00 target price for the company. Finally, J P Morgan Chase & Co boosted their target price on Hub Group from $40.00 to $48.00 and gave the stock a neutral rating in a report on Thursday, October 12th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus target price of $45.36.
Shares of Hub Group (NASDAQ HUBG) traded up $0.75 during trading hours on Thursday, hitting $44.30. The stock had a trading volume of 320,633 shares, compared to its average volume of 440,022. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.54 and a current ratio of 1.19. The firm has a market cap of $1,481.88, a PE ratio of 25.91, a PEG ratio of 1.77 and a beta of 1.46.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the business earned $0.54 EPS. The company’s revenue for the quarter was up 13.0% on a year-over-year basis. equities analysts predict that Hub Group will post 1.69 earnings per share for the current fiscal year.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the company’s 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.36% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its position in shares of Hub Group by 19,453.7% in the 1st quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock valued at $233,773,000 after purchasing an additional 5,012,438 shares in the last quarter. Nuance Investments LLC raised its position in shares of Hub Group by 229.7% in the 2nd quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock valued at $58,199,000 after purchasing an additional 1,057,338 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hub Group by 42.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock valued at $24,843,000 after purchasing an additional 193,994 shares in the last quarter. Bank of Montreal Can raised its position in shares of Hub Group by 345.4% in the 2nd quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock valued at $9,031,000 after purchasing an additional 182,622 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Hub Group by 7.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock valued at $96,575,000 after purchasing an additional 177,503 shares in the last quarter. Hedge funds and other institutional investors own 89.95% 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).
Receive News & Ratings for Hub Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.