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

Zacks Investment Research downgraded shares of Hub Group (NASDAQ:HUBG) from a buy rating to a hold rating in a research note issued to investors 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. “

Other equities research analysts have also recently issued research reports about the company. UBS Group set a $46.00 price objective on Hub Group and gave the company a hold rating in a research note on Wednesday, July 31st. BidaskClub raised Hub Group from a sell rating to a hold rating in a research note on Thursday, September 12th. Cowen raised Hub Group from a market perform rating to an outperform rating and reduced their price objective for the company from $54.00 to $53.00 in a research note on Wednesday, May 22nd. Finally, ValuEngine raised Hub Group from a sell rating to a hold rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company has an average rating of Hold and a consensus target price of $53.40.

Shares of Hub Group stock opened at $46.01 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.23 and a current ratio of 1.23. Hub Group has a 52 week low of $34.02 and a 52 week high of $49.35. The stock has a 50 day moving average price of $42.86 and a two-hundred day moving average price of $41.93. The stock has a market capitalization of $1.56 billion, a PE ratio of 17.63 and a beta of 1.60.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Tuesday, July 30th. The transportation company reported $0.87 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.12. Hub Group had a return on equity of 11.40% and a net margin of 5.69%. The firm had revenue of $921.16 million during the quarter, compared to analysts’ expectations of $973.45 million. During the same quarter last year, the firm posted $0.66 earnings per share. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. Research analysts forecast that Hub Group will post 3.37 EPS for the current year.

In other 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 transaction, the director now owns 67,127 shares in the company, valued at $2,833,430.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.94% of the company’s stock.

Several hedge funds have recently bought and sold shares of HUBG. Nuveen Asset Management LLC bought a new position in shares of Hub Group in the second quarter valued at approximately $25,715,000. Dalton Greiner Hartman Maher & Co. bought a new position in shares of Hub Group in the second quarter valued at approximately $12,506,000. Prudential Financial Inc. lifted its holdings in shares of Hub Group by 58.1% in the second quarter. Prudential Financial Inc. now owns 716,104 shares of the transportation company’s stock valued at $30,062,000 after purchasing an additional 263,223 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Hub Group by 3.8% in the second quarter. BlackRock Inc. now owns 5,302,785 shares of the transportation company’s stock valued at $222,610,000 after purchasing an additional 195,468 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Hub Group by 91.7% in the second quarter. Morgan Stanley now owns 386,609 shares of the transportation company’s stock valued at $16,228,000 after purchasing an additional 184,897 shares in the last quarter. Institutional investors own 91.35% of the company’s stock.

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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