Hub Group (NASDAQ:HUBG) Downgraded by Zacks Investment Research to Hold

Hub Group (NASDAQ:HUBGGet Rating) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

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. “

HUBG has been the topic of a number of other research reports. Wells Fargo & Company upped their price target on shares of Hub Group from $96.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 9th. Susquehanna Bancshares cut shares of Hub Group from a “positive” rating to a “neutral” rating and lowered their target price for the company from $102.00 to $92.00 in a research note on Friday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of Hub Group from $92.00 to $76.00 and set a “neutral” rating on the stock in a research note on Friday. Morgan Stanley upped their target price on shares of Hub Group from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, February 14th. Finally, StockNews.com initiated coverage on shares of Hub Group in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $89.71.

Shares of NASDAQ:HUBG traded up $0.50 during midday trading on Tuesday, reaching $61.85. The company’s stock had a trading volume of 374,220 shares, compared to its average volume of 244,939. The firm has a market capitalization of $2.15 billion, a P/E ratio of 12.25 and a beta of 0.91. The firm has a 50 day moving average of $77.79 and a 200-day moving average of $78.67. Hub Group has a 12-month low of $60.81 and a 12-month high of $87.21. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBGGet Rating) last announced its quarterly earnings results on Tuesday, February 8th. The transportation company reported $2.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.42 by $1.06. The company had revenue of $1.26 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Hub Group had a net margin of 4.05% and a return on equity of 13.78%. Hub Group’s revenue was up 31.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.81 EPS. On average, research analysts predict that Hub Group will post 6.17 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC purchased a new stake in Hub Group in the 4th quarter worth approximately $30,000. Point72 Hong Kong Ltd increased its holdings in Hub Group by 38.1% in the 3rd quarter. Point72 Hong Kong Ltd now owns 602 shares of the transportation company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Hub Group by 27.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 800 shares of the transportation company’s stock worth $55,000 after acquiring an additional 170 shares in the last quarter. Pinebridge Investments L.P. purchased a new stake in Hub Group in the 4th quarter worth approximately $76,000. Finally, Stephens Inc. AR increased its holdings in Hub Group by 70.2% in the 4th quarter. Stephens Inc. AR now owns 970 shares of the transportation company’s stock worth $82,000 after acquiring an additional 400 shares in the last quarter. 91.52% of the stock is owned by institutional investors.

Hub Group Company Profile (Get Rating)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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