Hub Group (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “Hub Group, Inc. is a transportation management company that provides multi-modal solutions throughout North America, including intermodal, truck brokerage, dedicated and logistics services. The company is one of the largest over-the-road brokers in North America. The Company arranges for the movement of its customers’ freight in containers and trailers over long distances. Hub Group operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. As a publicly traded company, Hub Group delivers innovative, customer-focused solutions and industry leading service to help customers better control supply chains and their costs. It operates through a nationwide network of hubs, located near significant concentrations of shipping customers and railheads. The company is headquartered in Cambridge, MA. “

Several other equities analysts also recently weighed in on the company. BMO Capital Markets boosted their target price on Hub Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Stephens raised Hub Group from an “equal weight” rating to an “overweight” rating in a research report on Friday, October 27th. Wells Fargo & Co reissued a “market perform” rating and set a $46.00 target price (up previously from $37.00) on shares of Hub Group in a research report on Thursday, November 2nd. They noted that the move was a valuation call. Barclays reissued a “sell” rating and set a $45.00 target price on shares of Hub Group in a research report on Wednesday, December 13th. Finally, Robert W. Baird raised Hub Group from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $45.00 to $55.00 in a research report on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $48.38.

Hub Group (NASDAQ:HUBG) opened at $46.45 on Wednesday. The firm has a market capitalization of $1,492.44, a P/E ratio of 11.47, a PEG ratio of 1.24 and a beta of 1.40. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.22. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.55 EPS. analysts forecast that Hub Group will post 2.35 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in HUBG. UBS Asset Management Americas Inc. grew its position in Hub Group by 3.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 25,148 shares of the transportation company’s stock valued at $964,000 after acquiring an additional 782 shares during the last quarter. Vanguard Group Inc. grew its position in Hub Group by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after acquiring an additional 67,018 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Hub Group by 10.2% in the 2nd quarter. California Public Employees Retirement System now owns 76,800 shares of the transportation company’s stock worth $2,945,000 after buying an additional 7,100 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Hub Group by 32.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 65,329 shares of the transportation company’s stock worth $2,505,000 after buying an additional 15,982 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in shares of Hub Group by 10.2% in the 2nd quarter. Voya Investment Management LLC now owns 15,387 shares of the transportation company’s stock worth $590,000 after buying an additional 1,428 shares during the period. 92.89% of the stock is currently owned by institutional investors.

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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).

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