Hub Group (NASDAQ:HUBG) Stock Rating Upgraded by Zacks Research

Hub Group (NASDAQ:HUBG) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other equities analysts also recently issued reports on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a report on Monday, February 9th. Barclays reiterated an “overweight” rating and issued a $48.00 price objective (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Stifel Nicolaus upped their price target on shares of Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Finally, TD Cowen reiterated a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Seven investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.33.

Hub Group Price Performance

Shares of HUBG opened at $39.85 on Monday. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $39.26 and its 200-day simple moving average is $39.93. The firm has a market capitalization of $2.44 billion, a price-to-earnings ratio of 23.03, a PEG ratio of 1.14 and a beta of 1.16. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.26.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of HUBG. Northwestern Mutual Wealth Management Co. lifted its position in shares of Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 468 shares during the period. Torren Management LLC purchased a new position in shares of Hub Group during the 4th quarter worth about $31,000. Frazier Financial Advisors LLC acquired a new position in Hub Group during the third quarter worth approximately $35,000. Quarry LP raised its stake in Hub Group by 271.5% during the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after purchasing an additional 809 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.