Zacks Investment Research downgraded shares of Hub Group, Inc. (NASDAQ:HUBG) from a hold rating to a sell rating in a research report released on Tuesday, August 8th.

According to Zacks, “Hub Group, Inc. is a full service transportation provider, offering intermodal, truck brokerage and comprehensive logistics services. “

A number of other equities research analysts have also issued reports on the stock. TheStreet lowered shares of Hub Group from a b rating to a c+ rating in a research note on Friday, April 28th. Stifel Nicolaus raised shares of Hub Group from a hold rating to a buy rating and lifted their target price for the company from $44.00 to $45.00 in a research note on Tuesday, May 30th. BidaskClub raised shares of Hub Group from a strong sell rating to a sell rating in a research note on Thursday, June 29th. Cowen and Company reissued a market perform rating and set a $41.00 target price (down previously from $44.00) on shares of Hub Group in a research note on Thursday, April 27th. Finally, J P Morgan Chase & Co assumed coverage on shares of Hub Group in a research note on Tuesday, May 23rd. They issued a neutral rating and a $37.00 price objective for the company. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Hub Group presently has a consensus rating of Hold and an average target price of $40.83.

Hub Group (NASDAQ HUBG) traded up 1.98% during mid-day trading on Tuesday, reaching $36.10. The company had a trading volume of 355,038 shares. The firm’s 50 day moving average price is $36.99 and its 200-day moving average price is $41.00. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 21.50 and a beta of 1.40. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.50.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. The firm had revenue of $924.50 million during the quarter, compared to analyst estimates of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. Equities research analysts anticipate that Hub Group will post $1.48 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP increased its position in shares of Hub Group by 48.0% in the first quarter. First Trust Advisors LP now owns 46,023 shares of the transportation company’s stock valued at $2,135,000 after buying an additional 14,918 shares during the period. State Board of Administration of Florida Retirement System increased its position in shares of Hub Group by 15.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 33,447 shares of the transportation company’s stock valued at $1,552,000 after buying an additional 4,559 shares during the period. Chicago Equity Partners LLC increased its position in shares of Hub Group by 923.7% in the first quarter. Chicago Equity Partners LLC now owns 98,685 shares of the transportation company’s stock valued at $4,579,000 after buying an additional 89,045 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Hub Group by 7.8% in the first quarter. Great West Life Assurance Co. Can now owns 47,246 shares of the transportation company’s stock valued at $2,190,000 after buying an additional 3,401 shares during the period. Finally, Adams Diversified Equity Fund Inc. increased its position in shares of Hub Group by 3.1% in the first quarter. Adams Diversified Equity Fund Inc. now owns 23,600 shares of the transportation company’s stock valued at $1,095,000 after buying an additional 700 shares during the period. Hedge funds and other institutional investors own 93.67% of the company’s stock.

Hub Group Company Profile

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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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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