Hub Group (HUBG) Cut to “Sell” at BidaskClub

BidaskClub cut shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research note published on Saturday, September 15th.

A number of other equities analysts have also commented on HUBG. Loop Capital cut their price target on shares of Hub Group to $58.00 and set a buy rating on the stock in a report on Tuesday, September 4th. Wolfe Research upgraded shares of Hub Group from a market perform rating to an outperform rating in a report on Thursday, May 24th. ValuEngine lowered shares of Hub Group from a buy rating to a hold rating in a report on Tuesday, July 24th. Morgan Stanley boosted their target price on shares of Hub Group from $45.00 to $49.00 and gave the company an equal weight rating in a report on Monday, August 6th. Finally, Cowen restated a hold rating and issued a $53.00 target price on shares of Hub Group in a report on Thursday, August 2nd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Hub Group currently has a consensus rating of Hold and a consensus target price of $53.07.

NASDAQ:HUBG traded up $1.34 during mid-day trading on Friday, reaching $44.97. The stock had a trading volume of 408,900 shares, compared to its average volume of 303,377. Hub Group has a 12 month low of $37.90 and a 12 month high of $56.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 22.84 and a beta of 1.53.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.18. Hub Group had a net margin of 3.42% and a return on equity of 10.32%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business posted $0.29 earnings per share. The company’s quarterly revenue was up 27.7% on a year-over-year basis. As a group, analysts anticipate that Hub Group will post 2.77 EPS for the current fiscal year.

In other news, Director Charles R. Reaves sold 2,500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total transaction of $125,600.00. Following the completion of the sale, the director now directly owns 68,768 shares of the company’s stock, valued at $3,454,904.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 5.75% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in HUBG. Wells Fargo & Company MN boosted its stake in Hub Group by 37.9% in the first quarter. Wells Fargo & Company MN now owns 178,933 shares of the transportation company’s stock valued at $7,488,000 after acquiring an additional 49,162 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Hub Group by 1.7% during the 1st quarter. Rhumbline Advisers now owns 82,013 shares of the transportation company’s stock valued at $3,432,000 after buying an additional 1,376 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Hub Group by 47.3% during the 1st quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock valued at $229,000 after buying an additional 1,759 shares in the last quarter. Prudential Financial Inc. lifted its stake in shares of Hub Group by 2.6% during the 1st quarter. Prudential Financial Inc. now owns 56,938 shares of the transportation company’s stock valued at $2,383,000 after buying an additional 1,450 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Hub Group by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 27,803 shares of the transportation company’s stock valued at $1,164,000 after buying an additional 1,519 shares in the last quarter. Institutional investors and hedge funds own 91.24% of the company’s stock.

About Hub Group

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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