Hub Group (NASDAQ:HUBG) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday, January 4th, ValuEngine reports.
A number of other equities analysts also recently commented on HUBG. JPMorgan Chase & Co. upgraded Hub Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $51.00 to $60.00 in a report on Friday, October 4th. Morgan Stanley decreased their target price on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, October 7th. Stephens upped their target price on Hub Group from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, January 2nd. Cowen decreased their target price on Hub Group from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Zacks Investment Research cut Hub Group from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $55.22.
NASDAQ:HUBG traded down $0.63 during mid-day trading on Friday, reaching $53.52. The stock had a trading volume of 147,485 shares, compared to its average volume of 213,218. The firm has a 50 day moving average price of $52.23 and a two-hundred day moving average price of $47.22. The stock has a market capitalization of $1.82 billion, a P/E ratio of 14.01 and a beta of 1.64. Hub Group has a one year low of $38.08 and a one year high of $55.22. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.26 and a current ratio of 1.26.
Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.17. Hub Group had a return on equity of 11.11% and a net margin of 3.38%. The company had revenue of $913.28 million during the quarter, compared to the consensus estimate of $956.99 million. During the same quarter in the previous year, the company posted $0.77 EPS. Hub Group’s quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts forecast that Hub Group will post 3.39 earnings per share for the current year.
Several large investors have recently made changes to their positions in HUBG. Cardinal Capital Management lifted its holdings in Hub Group by 2.0% in the third quarter. Cardinal Capital Management now owns 12,422 shares of the transportation company’s stock valued at $577,000 after acquiring an additional 245 shares during the period. Point72 Asset Management L.P. lifted its holdings in Hub Group by 22.2% in the second quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 282 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Hub Group by 0.3% in the second quarter. Jacobs Levy Equity Management Inc. now owns 136,284 shares of the transportation company’s stock valued at $5,721,000 after acquiring an additional 345 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Hub Group by 133.0% in the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 351 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in Hub Group by 2.3% in the third quarter. Envestnet Asset Management Inc. now owns 16,099 shares of the transportation company’s stock valued at $749,000 after acquiring an additional 367 shares during the period. 94.27% of the stock is currently owned by hedge funds and other institutional investors.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers’ freight in containers and trailers over long distances.
