Hub Group Inc (NASDAQ:HUBG) has received an average rating of “Hold” from the sixteen ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.42.
Several research analysts recently issued reports on HUBG shares. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and set a $50.00 target price on shares of Hub Group in a report on Sunday, October 1st. UBS Group raised their target price on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 27th. BidaskClub raised shares of Hub Group from a “hold” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, Cowen reissued a “hold” rating and set a $40.00 target price on shares of Hub Group in a report on Thursday, October 12th.
Shares of Hub Group (HUBG) traded up $0.10 during trading on Monday, hitting $51.35. 207,379 shares of the company traded hands, compared to its average volume of 261,891. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The stock has a market capitalization of $1,755.11, a PE ratio of 31.89, a PEG ratio of 1.56 and a beta of 1.50.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HUBG. 1060 Capital LLC purchased a new position in Hub Group in the third quarter valued at $32,074,000. Bank of New York Mellon Corp increased its holdings in Hub Group by 97.9% in the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock valued at $55,074,000 after buying an additional 634,448 shares in the last quarter. SG Capital Management LLC purchased a new position in Hub Group in the third quarter valued at $15,654,000. Citadel Advisors LLC increased its holdings in Hub Group by 256.9% in the third quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock valued at $20,913,000 after buying an additional 350,468 shares in the last quarter. Finally, BlackRock Inc. increased its stake in shares of Hub Group by 4.1% during the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock worth $201,232,000 after purchasing an additional 209,062 shares in the last quarter. 93.84% of the stock is owned by institutional investors.
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About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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