Hub Group (NASDAQ:HUBG) Upgraded at Wall Street Zen

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

HUBG has been the topic of a number of other research reports. Raymond James Financial lowered their target price on Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. UBS Group reiterated a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Wells Fargo & Company set a $35.00 price objective on Hub Group in a research report on Monday, September 14th. Finally, Weiss Ratings downgraded shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.31.

Hub Group Stock Performance

Hub Group stock opened at $30.25 on Friday. The business’s 50-day simple moving average is $39.55 and its 200-day simple moving average is $40.98. The firm has a market capitalization of $1.85 billion, a PE ratio of 17.49, a PEG ratio of 1.08 and a beta of 1.19. Hub Group has a 52 week low of $29.72 and a 52 week high of $53.26.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.1250 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Hub Group by 7.1% in the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after acquiring an additional 491,130 shares during the period. Capital International Investors increased its position in shares of 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 during the period. River Road Asset Management LLC increased its position in shares of Hub Group by 6.6% during the fourth quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock valued at $56,279,000 after purchasing an additional 81,764 shares during the period. Bank of America Corp DE raised 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 valued at $29,197,000 after purchasing an additional 61,025 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Hub Group by 2.0% in the first quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company’s stock valued at $10,611,000 after purchasing an additional 5,731 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

About Hub Group

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.