Zacks Investment Research cut shares of Hub Group (NASDAQ:HUBG) from a buy rating to a hold rating in a research note issued to investors on Wednesday.
According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “
Several other equities research analysts have also recently issued reports on the stock. BMO Capital Markets lifted their target price on shares of Hub Group from $42.00 to $44.00 and gave the stock a market perform rating in a research note on Friday, October 27th. Stephens raised shares of Hub Group from an equal weight rating to an overweight rating in a research note on Friday, October 27th. Wells Fargo & Co reaffirmed a market perform rating and set a $46.00 target price (up previously from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Barclays reiterated a sell rating and set a $45.00 price target on shares of Hub Group in a report on Wednesday, December 13th. Finally, Robert W. Baird upgraded Hub Group from a neutral rating to an outperform rating and lifted their price target for the stock from $45.00 to $55.00 in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company. Hub Group has a consensus rating of Hold and an average target price of $48.38.
Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.22. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the previous year, the company posted $0.55 EPS. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. sell-side analysts forecast that Hub Group will post 2.33 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Hub Group by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after acquiring an additional 67,018 shares during the period. Dimensional Fund Advisors LP raised its holdings in Hub Group by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,549,524 shares of the transportation company’s stock valued at $109,502,000 after buying an additional 31,287 shares during the period. Nuance Investments LLC raised its holdings in Hub Group by 12.8% in the 3rd quarter. Nuance Investments LLC now owns 1,711,119 shares of the transportation company’s stock valued at $73,493,000 after buying an additional 193,540 shares during the period. Bank of New York Mellon Corp raised its holdings in Hub Group by 4.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,332,937 shares of the transportation company’s stock valued at $63,847,000 after buying an additional 50,681 shares during the period. Finally, State Street Corp raised its holdings in Hub Group by 0.6% in the 2nd quarter. State Street Corp now owns 938,618 shares of the transportation company’s stock valued at $35,996,000 after buying an additional 5,141 shares during the period. Institutional investors and hedge funds own 92.89% 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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