Hub Group, Inc. (NASDAQ:HUBG) Given Average Rating of “Hold” by Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBGGet Free Report) have been assigned a consensus rating of “Hold” from the sixteen research firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $43.3077.

A number of analysts have recently issued reports on HUBG shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Wednesday, June 24th. Benchmark decreased their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, May 14th.

View Our Latest Analysis on Hub Group

Hedge Funds Weigh In On Hub Group

Institutional investors have recently added to or reduced their stakes in the company. Nykredit A S acquired a new stake in shares of Hub Group during the second quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hub Group by 265.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after acquiring an additional 468 shares in the last quarter. Quarry LP boosted its holdings in Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Hub Group by 33.4% in the second 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. Finally, NewEdge Advisors LLC grew its stake in Hub Group by 333.8% during the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of NASDAQ:HUBG opened at $36.68 on Tuesday. The company has a market cap of $2.24 billion, a P/E ratio of 21.20, a PEG ratio of 1.05 and a beta of 1.19. Hub Group has a one year low of $32.90 and a one year high of $53.26. The business’s 50-day simple moving average is $44.13 and its 200 day simple moving average is $41.92.

About Hub Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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