Hub Group, Inc. (NASDAQ:HUBG) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) have been assigned an average recommendation of “Hold” from the sixteen brokerages that are covering the company, Marketbeat reports. Eleven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $41.31.

Several equities research analysts have weighed in on the company. Stifel Nicolaus set a $29.00 price objective on Hub Group and gave the stock a “hold” rating in a research note on Thursday. Raymond James Financial lowered their price objective on Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. UBS Group reiterated a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Weiss Ratings downgraded Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Finally, Barclays set a $30.00 target price on Hub Group and gave the company an “equal weight” rating in a research report on Monday.

Read Our Latest Stock Report on Hub Group

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hub Group by 88.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock worth $7,420,000 after purchasing an additional 96,489 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Hub Group in the 1st quarter worth about $969,000. River Road Asset Management LLC raised its position in Hub Group by 6.6% in the 4th quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock worth $56,279,000 after purchasing an additional 81,764 shares during the period. Caxton Associates LLP purchased a new stake in Hub Group in the 1st quarter worth about $2,156,000. Finally, Renaissance Technologies LLC lifted its stake in Hub Group by 2,065.9% in the first quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock worth $5,286,000 after purchasing an additional 139,900 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Trading Down 1.3%

Shares of NASDAQ HUBG opened at $29.77 on Friday. Hub Group has a 12-month low of $29.37 and a 12-month high of $53.26. The firm’s 50-day moving average price is $38.35 and its 200-day moving average price is $40.84. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 1.18 and a beta of 1.24.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Monday, September 21st. Hub Group’s payout ratio is presently 28.90%.

Hub Group Company Profile

(Get Free Report)

Hub Group, Inc (NASDAQ: HUBG) is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group’s intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers’ domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.

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Analyst Recommendations for Hub Group (NASDAQ:HUBG)

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