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

Hub Group (NASDAQ:HUBG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, 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. “

Several other research firms have also recently weighed in on HUBG. Stifel Nicolaus began coverage on Hub Group in a research report on Monday, June 21st. They issued a “buy” rating on the stock. Cowen boosted their price objective on Hub Group from $77.00 to $83.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 22nd. BMO Capital Markets upped their price target on Hub Group from $58.00 to $72.00 and gave the company a “market perform” rating in a research report on Thursday, May 6th. KeyCorp upped their price target on Hub Group from $70.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, May 6th. Finally, Susquehanna upped their price target on Hub Group from $79.00 to $83.00 and gave the company a “positive” rating in a research report on Thursday, May 6th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $74.18.

HUBG stock traded down $0.36 during midday trading on Wednesday, hitting $63.79. The company’s stock had a trading volume of 155,947 shares, compared to its average volume of 217,540. The company’s 50-day moving average is $67.74. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.13. Hub Group has a 1 year low of $47.18 and a 1 year high of $74.95. The stock has a market cap of $2.20 billion, a PE ratio of 27.61 and a beta of 1.01.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, May 5th. The transportation company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.05. Hub Group had a return on equity of 7.80% and a net margin of 2.17%. The business had revenue of $919.55 million for the quarter, compared to analysts’ expectations of $943.76 million. Research analysts expect that Hub Group will post 3.38 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Hub Group during the 4th quarter worth about $2,109,000. Parallax Volatility Advisers L.P. purchased a new stake in Hub Group during the 1st quarter worth about $2,116,000. BlackRock Inc. lifted its holdings in Hub Group by 5.1% during the 1st quarter. BlackRock Inc. now owns 6,240,935 shares of the transportation company’s stock worth $419,889,000 after purchasing an additional 304,431 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in Hub Group during the 1st quarter worth about $253,000. Finally, Phocas Financial Corp. increased its stake in Hub Group by 68.9% in the 4th quarter. Phocas Financial Corp. now owns 85,718 shares of the transportation company’s stock worth $4,885,000 after acquiring an additional 34,954 shares during the last quarter. 89.73% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, trucking, managed transportation, freight consolidation, warehousing, last mile delivery, international transportation, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over distances of 750 miles or more.

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