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.
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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.
Hub Group (NASDAQ:HUBG – Get Rating) last issued its earnings results on Wednesday, August 3rd. The transportation company reported $3.03 earnings per share for the quarter, beating analysts' consensus estimates of $2.53 by $0.50. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.34 billion. Hub Group had a return on equity of 22.89% and a net
margin of 6.32%. As a group, research analysts predict that Hub Group will post 10.37 earnings per share for the current year.
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
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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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