Loop Capital initiated coverage on shares of Hub Group, Inc. (NASDAQ:HUBG) in a research note published on Tuesday, MarketBeat.com reports. The brokerage issued a hold rating and a $47.00 price target on the transportation company’s stock.

HUBG has been the subject of a number of other reports. KeyCorp reiterated a neutral rating on shares of Hub Group in a research report on Friday, August 25th. Cowen and Company reiterated a hold rating and set a $40.00 price target on shares of Hub Group in a research report on Monday, August 28th. BidaskClub cut shares of Hub Group from a sell rating to a strong sell rating in a research report on Tuesday, August 22nd. Barclays PLC dropped their price target on shares of Hub Group from $40.00 to $38.00 and set an underweight rating for the company in a research report on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Hub Group from a buy rating to a hold rating in a research report on Thursday, July 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $43.43.

Hub Group (NASDAQ:HUBG) traded down 0.61% during midday trading on Tuesday, reaching $40.70. 371,370 shares of the company’s stock traded hands. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 24.24 and a beta of 1.41. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The firm’s 50-day moving average is $39.65 and its 200-day moving average is $38.82.

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

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In related news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the transaction, the director now owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.36% of the company’s stock.

Several hedge funds have recently made changes to their positions in HUBG. BlackRock Inc. grew its holdings in shares of Hub Group by 19,453.7% in the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock valued at $233,773,000 after purchasing an additional 5,012,438 shares in the last quarter. Nuance Investments LLC grew its holdings in shares of Hub Group by 229.7% in the second quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock valued at $58,199,000 after purchasing an additional 1,057,338 shares in the last quarter. FMR LLC grew its holdings in shares of Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after purchasing an additional 317,119 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Hub Group by 42.7% in the second quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock valued at $24,843,000 after purchasing an additional 193,994 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Hub Group by 345.4% in the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock valued at $9,031,000 after purchasing an additional 182,622 shares in the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.

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).

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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