Hub Group - HUBG Stock Forecast, Price & News

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. Its logistics services comprise full outsource logistics solution, transportation management, freight consolidation, warehousing and fulfillment, final mile delivery, and parcel and international services. The company also provides dry van, expedited, less-than-truckload, refrigerated, and flatbed truck brokerage services. It offers a fleet of approximately 1,000 tractors and 4,600 trailers to its customers, as well as the driver staffing, management, and infrastructure. The company serves a range of industries, including retail, consumer products, and durable goods. As of December 31, 2021, it owned approximately 43,750 dry, 53-foot containers, as well as 450 refrigerated, 53-foot containers; and leased approximately 250 dry, 53-foot containers. The company was founded in 1971 and is headquartered in Oak Brook, Illinois.

Hub Group Stock Up 0.5 %

HUBG Stock traded up $0.43 during midday trading on Thursday, reaching $85.41. The company had a trading volume of 4,220 shares, compared to its average volume of 211,169. Hub Group has a 1 year low of $60.81 and a 1 year high of $89.61. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.96 billion, a P/E ratio of 9.07 and a beta of 0.91. The company has a 50 day moving average of $73.97 and a two-hundred day moving average of $74.46.

Analyst Ratings Changes

A number of analysts recently weighed in on HUBG shares. Morgan Stanley raised their target price on shares of Hub Group from $85.00 to $92.00 and gave the stock an "equal weight" rating in a report on Monday. Susquehanna Bancshares raised their target price on shares of Hub Group from $115.00 to $117.00 and gave the stock a "positive" rating in a report on Wednesday, August 10th. Robert W. Baird raised their target price on shares of Hub Group from $85.00 to $92.00 in a report on Friday, April 29th. Susquehanna raised their target price on shares of Hub Group from $115.00 to $117.00 and gave the stock a "positive" rating in a report on Wednesday, August 10th. Finally, JPMorgan Chase & Co. upgraded shares of Hub Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $76.00 to $92.00 in a report on Friday, April 29th. Four equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $97.44.

Insiders Place Their Bets

In related news, Director Gary Yablon bought 5,000 shares of the business's stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the transaction, the director now directly owns 7,132 shares in the company, valued at $610,499.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Gary Yablon bought 5,000 shares of the business's stock in a transaction on Thursday, August 11th. The stock was bought at an average price of $85.60 per share, for a total transaction of $428,000.00. Following the transaction, the director now directly owns 7,132 shares in the company, valued at $610,499.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David P. Yeager purchased 141,561 shares of the business's stock in a transaction dated Tuesday, August 9th. The shares were acquired at an average price of $104.99 per share, for a total transaction of $14,862,489.39. Following the acquisition, the chief executive officer now directly owns 141,561 shares in the company, valued at approximately $14,862,489.39. The disclosure for this purchase can be found here. Insiders purchased a total of 174,900 shares of company stock worth $18,265,801 in the last quarter. 3.83% of the stock is currently owned by corporate insiders.