Hub Group (NASDAQ:HUBG) Stock Lifted to Hold by Wall Street Zen

Wall Street Zen upgraded shares of Hub Group (NASDAQ:HUBG) from a sell rating to a hold rating in a report published on Sunday,Wall Street Zen reports.

Other analysts have also recently issued research reports about the stock. Raymond James Financial dropped their target price on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. UBS Group restated a “neutral” rating on shares of Hub Group in a research report on Tuesday, September 15th. Wells Fargo & Company set a $35.00 price objective on Hub Group in a research note on Monday, September 14th. Finally, Weiss Ratings downgraded Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus target price of $42.69.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $30.34 on Friday. Hub Group has a fifty-two week low of $29.92 and a fifty-two week high of $53.26. The firm has a market capitalization of $1.86 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.08 and a beta of 1.19. The company’s 50 day simple moving average is $40.37 and its 200 day simple moving average is $41.09.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a $0.1250 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Hub Group’s dividend payout ratio is currently 28.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its holdings in Hub Group by 10.6% during the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after buying an additional 248 shares during the period. Nykredit A S acquired a new position in shares of Hub Group in the second quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its holdings in shares of Hub Group by 10.7% in the first quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company’s stock valued at $248,000 after buying an additional 666 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Hub Group by 8.2% during the first quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company’s stock worth $336,000 after acquiring an additional 705 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of Hub Group by 11.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,440 shares of the transportation company’s stock worth $360,000 after acquiring an additional 846 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

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.