Hub Group (NASDAQ:HUBG) Receives Buy Rating from Benchmark

Hub Group (NASDAQ:HUBG)‘s stock had its “buy” rating reaffirmed by analysts at Benchmark in a report issued on Friday, Benzinga reports. They presently have a $47.00 price objective on the transportation company’s stock. Benchmark’s price objective would indicate a potential upside of 9.15% from the stock’s current price.

Other equities analysts have also issued reports about the company. UBS Group lifted their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Susquehanna cut their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday. TD Cowen lifted their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday. Barclays boosted their price target on Hub Group from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Evercore ISI boosted their price target on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.00.

Hub Group Trading Down 0.8 %

Shares of NASDAQ:HUBG traded down $0.33 during midday trading on Friday, hitting $43.06. 86,882 shares of the stock were exchanged, compared to its average volume of 445,154. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 24.37 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The business’s 50-day moving average price is $44.33 and its 200 day moving average price is $43.42. Hub Group has a 12 month low of $33.38 and a 12 month high of $48.39.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a return on equity of 7.43% and a net margin of 2.74%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. Analysts predict that Hub Group will post 1.92 earnings per share for the current year.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its stake in shares of Hub Group by 105.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 18,023 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Hub Group by 111.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after acquiring an additional 22,542 shares during the period. UniSuper Management Pty Ltd bought a new stake in shares of Hub Group in the first quarter worth $567,000. Seven Eight Capital LP grew its holdings in shares of Hub Group by 509.7% in the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after acquiring an additional 21,356 shares during the period. Finally, Retirement Systems of Alabama grew its holdings in shares of Hub Group by 102.0% in the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after acquiring an additional 52,986 shares during the period. 46.77% of the stock is currently owned by institutional investors.

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.