Hub Group (NASDAQ:HUBG) Upgraded to Hold by BidaskClub
A number of other equities analysts also recently issued reports on the company. UBS Group set a $46.00 target price on Hub Group and gave the stock a hold rating in a research note on Wednesday, July 31st. ValuEngine raised Hub Group from a sell rating to a hold rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Hub Group from a buy rating to a hold rating in a research note on Wednesday, July 3rd. Finally, Cowen raised Hub Group from a market perform rating to an outperform rating and dropped their price objective for the company from $54.00 to $53.00 in a research note on Wednesday, May 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $52.60.
Shares of HUBG stock traded up $0.61 during trading hours on Thursday, reaching $46.11. 137,378 shares of the company’s stock were exchanged, compared to its average volume of 257,264. The company has a market cap of $1.56 billion, a P/E ratio of 17.70 and a beta of 1.60. The company’s 50 day moving average is $42.18 and its two-hundred day moving average is $41.84. 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 current ratio of 1.23 and a quick ratio of 1.23.
In related news, Director Charles R. Reaves sold 5,000 shares of the firm’s 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 transaction, the director now directly owns 67,127 shares of the company’s stock, valued at approximately $2,833,430.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.94% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the business. Dalton Greiner Hartman Maher & Co. purchased a new position in Hub Group during the second quarter worth $12,506,000. BlackRock Inc. increased its position in Hub Group by 3.8% during 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. Royal Bank of Canada increased its position in Hub Group by 71.5% during the second quarter. Royal Bank of Canada now owns 11,589 shares of the transportation company’s stock worth $487,000 after buying an additional 4,830 shares in the last quarter. Nuveen Asset Management LLC purchased a new position in Hub Group during the second quarter worth $25,715,000. Finally, Victory Capital Management Inc. increased its position in Hub Group by 12.6% during the second quarter. Victory Capital Management Inc. now owns 522,622 shares of the transportation company’s stock worth $21,940,000 after buying an additional 58,585 shares in the last quarter. 91.50% of the stock is owned by institutional investors.
About Hub Group
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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