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. “
A number of other brokerages also recently issued reports on HUBG. Stephens raised their price target on Hub Group from $57.00 to $65.00 and gave the stock an “overweight” rating in a research report on Thursday, January 2nd. Cowen reduced their price target on Hub Group from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. ValuEngine cut shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Saturday, January 4th. BidaskClub raised shares of Hub Group from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Finally, Morgan Stanley cut their price objective on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Hub Group has a consensus rating of “Hold” and a consensus target price of $54.78.
HUBG traded up $0.53 during trading on Tuesday, reaching $54.11. The company had a trading volume of 2,124 shares, compared to its average volume of 200,337. The stock has a market cap of $1.86 billion, a P/E ratio of 20.77 and a beta of 1.64. The business has a 50 day simple moving average of $51.29 and a 200-day simple moving average of $46.42. Hub Group has a 52 week low of $38.08 and a 52 week high of $55.22. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.19.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.17. The company had revenue of $913.28 million during the quarter, compared to the consensus estimate of $956.99 million. Hub Group had a return on equity of 11.11% and a net margin of 3.38%. Hub Group’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company earned $0.77 earnings per share. As a group, equities research analysts expect that Hub Group will post 3.4 EPS for the current fiscal year.
A number of hedge funds have recently bought and sold shares of the business. Cardinal Capital Management grew its stake in Hub Group by 2.0% in the 3rd quarter. Cardinal Capital Management now owns 12,422 shares of the transportation company’s stock worth $577,000 after acquiring an additional 245 shares during the period. Point72 Asset Management L.P. boosted its position in Hub Group by 22.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,552 shares of the transportation company’s stock worth $65,000 after acquiring an additional 282 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Hub Group by 0.3% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 136,284 shares of the transportation company’s stock worth $5,721,000 after acquiring an additional 345 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Hub Group by 133.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 615 shares of the transportation company’s stock worth $26,000 after acquiring an additional 351 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Hub Group by 2.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,099 shares of the transportation company’s stock worth $749,000 after acquiring an additional 367 shares during the last quarter. 94.49% 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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