Hub Group Inc (NASDAQ:HUBG) Given Average Rating of “Hold” by Analysts
Hub Group Inc (NASDAQ:HUBG) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $53.56.
A number of equities research analysts have commented on HUBG shares. Zacks Investment Research lowered Hub Group from a “buy” rating to a “hold” rating in a research report on Wednesday, July 3rd. UBS Group set a $46.00 price target on Hub Group and gave the company a “hold” rating in a research report on Wednesday, July 31st. ValuEngine upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. BidaskClub upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Cowen upgraded Hub Group from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $54.00 to $53.00 in a research report on Wednesday, May 22nd.
Shares of Hub Group stock traded down $1.32 during trading on Friday, reaching $45.50. 157,400 shares of the company’s stock were exchanged, compared to its average volume of 257,945. The company has a market cap of $1.60 billion, a P/E ratio of 17.43 and a beta of 1.60. Hub Group has a 1-year low of $34.02 and a 1-year high of $49.35. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.23 and a current ratio of 1.23. The firm’s 50-day moving average price is $42.18 and its 200 day moving average price is $41.84.
In other news, Director Charles R. Reaves sold 5,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $42.21, for a total value of $211,050.00. Following the completion of the sale, the director now directly owns 67,127 shares of the company’s stock, valued at $2,833,430.67. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.94% of the company’s stock.
Several institutional investors have recently modified their holdings of HUBG. BlackRock Inc. raised its position in shares of Hub Group by 3.8% in the second quarter. BlackRock Inc. now owns 5,302,785 shares of the transportation company’s stock worth $222,610,000 after buying an additional 195,468 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in Hub Group by 0.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock valued at $136,592,000 after acquiring an additional 12,053 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Hub Group by 3.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,833,599 shares of the transportation company’s stock valued at $105,041,000 after acquiring an additional 107,547 shares in the last quarter. Prudential Financial Inc. boosted its position in Hub Group by 58.1% during the 2nd quarter. Prudential Financial Inc. now owns 716,104 shares of the transportation company’s stock valued at $30,062,000 after acquiring an additional 263,223 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new stake in Hub Group during the 2nd quarter valued at approximately $25,715,000. 91.50% of the stock is owned by hedge funds and other institutional investors.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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