Benchmark Reiterates “Buy” Rating for Hub Group (NASDAQ:HUBG)

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating reaffirmed by equities researchers at Benchmark in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $40.00 price target on the transportation company’s stock. Benchmark’s target price points to a potential upside of 13.96% from the stock’s previous close.

HUBG has been the subject of several other research reports. Baird R W raised shares of Hub Group to a “strong-buy” rating in a research note on Tuesday, July 1st. Susquehanna decreased their price target on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, September 24th. JPMorgan Chase & Co. decreased their price target on shares of Hub Group from $39.00 to $36.00 and set a “neutral” rating for the company in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a research note on Wednesday, July 23rd. Finally, Evercore ISI set a $37.00 price target on shares of Hub Group and gave the company an “in-line” rating in a research note on Tuesday, September 30th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.78.

Hub Group Stock Down 2.7%

Shares of NASDAQ:HUBG opened at $35.10 on Wednesday. Hub Group has a 1 year low of $30.75 and a 1 year high of $53.21. The business has a 50 day simple moving average of $35.79 and a two-hundred day simple moving average of $34.72. The firm has a market capitalization of $2.15 billion, a PE ratio of 21.27, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The business had revenue of $905.65 million during the quarter, compared to analyst estimates of $913.53 million. During the same quarter in the previous year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, equities analysts predict that Hub Group will post 2.2 EPS for the current year.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently bought and sold shares of HUBG. Nuveen LLC bought a new position in Hub Group in the first quarter worth approximately $28,380,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Hub Group by 90.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock worth $46,398,000 after purchasing an additional 592,443 shares in the last quarter. Hudson Bay Capital Management LP increased its position in shares of Hub Group by 3,557.4% during the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock worth $16,908,000 after purchasing an additional 491,958 shares in the last quarter. River Road Asset Management LLC increased its position in shares of Hub Group by 79.2% during the second quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after purchasing an additional 487,703 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its position in shares of Hub Group by 149.7% during the second quarter. Qube Research & Technologies Ltd now owns 560,265 shares of the transportation company’s stock worth $18,730,000 after purchasing an additional 335,871 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.