Hub Group (NASDAQ:HUBG) Upgraded at Baird R W

Hub Group (NASDAQ:HUBG - Get Free Report) was upgraded by stock analysts at Baird R W to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

Several other equities analysts also recently commented on the company. Robert W. Baird assumed coverage on Hub Group in a research report on Tuesday. They issued an "outperform" rating and a $44.00 price objective on the stock. Susquehanna reissued a "positive" rating and issued a $46.00 price target (up from $45.00) on shares of Hub Group in a report on Tuesday, June 24th. TD Cowen cut their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Barclays reduced their price objective on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Finally, Benchmark dropped their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.51.

Hub Group Stock Up 2.9%

Shares of HUBG stock traded up $1.01 during mid-day trading on Tuesday, hitting $36.07. The company's stock had a trading volume of 601,615 shares, compared to its average volume of 549,652. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. Hub Group has a 52-week low of $30.75 and a 52-week high of $53.21. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of 21.22, a PEG ratio of 1.54 and a beta of 1.14. The business has a 50-day moving average price of $33.57 and a 200 day moving average price of $38.19.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $915.22 million during the quarter, compared to analysts' expectations of $973.86 million. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. During the same quarter in the prior year, the business earned $0.44 earnings per share. Hub Group's revenue for the quarter was down 8.5% compared to the same quarter last year. Research analysts predict that Hub Group will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Hub Group

Large investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in shares of Hub Group by 440.3% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after purchasing an additional 700 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after acquiring an additional 310 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its stake in shares of Hub Group by 139,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,395 shares during the period. TD Private Client Wealth LLC grew its holdings in Hub Group by 89.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after purchasing an additional 850 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after purchasing an additional 1,142 shares during the last quarter. 46.77% of the stock is 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.