Hub Group (NASDAQ:HUBG – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
Several other equities research analysts also recently weighed in on the stock. Stephens boosted their target price on shares of Hub Group from $83.00 to $95.00 and gave the stock an “equal weight” rating in a research report on Friday, February 3rd. Susquehanna boosted their price objective on shares of Hub Group from $105.00 to $108.00 and gave the company a “positive” rating in a research report on Friday, February 3rd. Cowen boosted their price objective on shares of Hub Group from $121.00 to $133.00 and gave the company an “outperform” rating in a research report on Friday, February 3rd. Robert W. Baird boosted their price objective on shares of Hub Group from $96.00 to $108.00 in a research report on Friday, February 3rd. Finally, Benchmark reaffirmed a “buy” rating and set a $90.00 price objective on shares of Hub Group in a research report on Friday, February 3rd. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $102.86.
Hub Group Price Performance
HUBG opened at $93.45 on Wednesday. The company has a 50-day moving average of $85.44 and a 200-day moving average of $80.63. The company has a market capitalization of $3.11 billion, a P/E ratio of 8.78 and a beta of 0.96. Hub Group has a 1-year low of $60.81 and a 1-year high of $104.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.53.
Hub Group (NASDAQ:HUBG – Get Rating) last released its earnings results on Thursday, February 2nd. The transportation company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.06. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.38 billion. Hub Group had a net margin of 6.68% and a return on equity of 23.49%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.48 EPS. Equities analysts expect that Hub Group will post 7.85 EPS for the current fiscal year.
Institutional Trading of Hub Group
Institutional investors have recently made changes to their positions in the stock. Ronald Blue Trust Inc. acquired a new stake in shares of Hub Group in the 2nd quarter worth approximately $26,000. Quadrant Capital Group LLC lifted its stake in shares of Hub Group by 58.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 400 shares of the transportation company’s stock worth $28,000 after acquiring an additional 147 shares during the period. Pinebridge Investments L.P. lifted its stake in shares of Hub Group by 315.0% in the 2nd quarter. Pinebridge Investments L.P. now owns 415 shares of the transportation company’s stock worth $29,000 after acquiring an additional 315 shares during the period. CWM LLC lifted its stake in shares of Hub Group by 1,324.3% in the 2nd quarter. CWM LLC now owns 527 shares of the transportation company’s stock worth $37,000 after acquiring an additional 490 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Hub Group during the first quarter valued at approximately $46,000. 94.46% of the stock is owned by institutional investors and hedge funds.
Hub Group Company Profile
Hub Group, Inc engages in the provision of multi-modal transportation and logistics solutions. Its solutions include intermodal transportation, truck brokerage, asset trucking, and dedicated trucking. It serves the retail, e-commerce, paper, chemical, healthcare, glass, private equity, and automotive industries.