Hub Group (NASDAQ:HUBG) Rating Lowered to “Sell” at Wall Street Zen

Hub Group (NASDAQ:HUBG) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday, Wall Street Zen reports.

HUBG has been the subject of a number of other research reports. Wells Fargo & Company set a $35.00 target price on Hub Group in a research report on Monday, September 14th. Raymond James Financial dropped their price target on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday. UBS Group reiterated a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hub Group currently has an average rating of “Hold” and an average price target of $42.69.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $32.72 on Friday. The company has a market cap of $2.00 billion, a P/E ratio of 18.91, a PEG ratio of 1.13 and a beta of 1.19. Hub Group has a 1 year low of $31.41 and a 1 year high of $53.26. The stock’s fifty day moving average price is $42.16 and its 200-day moving average price is $41.44.

Institutional Trading of Hub Group

Several hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP lifted its position in shares of Hub Group by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock valued at $326,094,000 after buying an additional 491,130 shares in the last quarter. Capital International Investors lifted its holdings in Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after purchasing an additional 501,955 shares in the last quarter. River Road Asset Management LLC boosted its position in shares of Hub Group by 6.6% in the fourth 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. Bank of America Corp DE increased its stake in shares of Hub Group by 8.1% in the first quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock worth $29,197,000 after purchasing an additional 61,025 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Hub Group by 27.3% during the 4th quarter. Royce & Associates LP now owns 525,543 shares of the transportation company’s stock valued at $22,393,000 after buying an additional 112,665 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.