StockNews.com cut shares of Hub Group (NASDAQ:HUBG – Get Rating) from a buy rating to a hold rating in a report issued on Tuesday morning.

Other research analysts have also issued reports about the company. Evercore ISI upped their target price on Hub Group to $108.00 in a research note on Tuesday, August 9th. Benchmark initiated coverage on shares of Hub Group in a research note on Thursday, June 16th. They issued a buy rating and a $90.00 target price for the company. Susquehanna Bancshares increased their price objective on shares of Hub Group from $115.00 to $117.00 and gave the stock a positive rating in a research report on Wednesday, August 10th. Cowen increased their target price on shares of Hub Group from $109.00 to $119.00 in a report on Thursday, August 4th. Finally, Susquehanna upped their price objective on Hub Group from $115.00 to $117.00 and gave the company a positive rating in a research note on Wednesday, August 10th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $97.44.

Hub Group Stock Down 0.4 %

HUBG opened at $71.03 on Tuesday. The stock's 50 day moving average price is $78.10 and its 200 day moving average price is $73.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $2.46 billion, a P/E ratio of 7.58 and a beta of 0.89. Hub Group has a 12 month low of $60.81 and a 12 month high of $89.61.

Insiders Place Their Bets

In other news, CEO David P. Yeager acquired 141,561 shares of Hub Group stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average price of $104.99 per share, for a total transaction of $14,862,489.39. Following the completion of the transaction, the chief executive officer now directly owns 141,561 shares in the company, valued at $14,862,489.39. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO David P. Yeager acquired 141,561 shares of the business's stock in a transaction that occurred on Tuesday, August 9th. The stock was purchased at an average cost of $104.99 per share, for a total transaction of $14,862,489.39. Following the transaction, the chief executive officer now directly owns 141,561 shares of the company's stock, valued at approximately $14,862,489.39. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gary Yablon bought 5,000 shares of the stock in a transaction on Thursday, August 11th. The stock was purchased at an average cost of $85.60 per share, with a total value of $428,000.00. Following the completion of the purchase, the director now directly owns 7,132 shares in the company, valued at approximately $610,499.20. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 174,900 shares of company stock valued at $18,265,801. 3.83% of the stock is owned by corporate insiders.

Institutional Trading of Hub Group

A number of hedge funds and other institutional investors have recently modified their holdings of HUBG. Ronald Blue Trust Inc. acquired a new position in shares of Hub Group in the second quarter worth about $26,000. Quadrant Capital Group LLC grew its stake in shares of Hub Group by 58.1% in the second 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 last quarter. Pinebridge Investments L.P. grew its stake in shares of Hub Group by 315.0% in the second 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 last quarter. CWM LLC grew its stake in shares of Hub Group by 1,324.3% in the second quarter. CWM LLC now owns 527 shares of the transportation company's stock worth $37,000 after acquiring an additional 490 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Hub Group during the first quarter worth $46,000. Institutional investors own 94.21% of the company's stock.

About Hub Group

(Get Rating)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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