Hub Group (NASDAQ:HUBG) Stock Rating Lowered by Zacks Research

Hub Group (NASDAQ:HUBG) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other brokerages also recently weighed in on HUBG. Barclays set a $30.00 target price on shares of Hub Group and gave the stock an “equal weight” rating in a research note on Monday, September 28th. Stifel Nicolaus set a $29.00 price objective on Hub Group and gave the company a “hold” rating in a research report on Thursday, October 1st. Raymond James Financial dropped their target price on Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Wells Fargo & Company reaffirmed a “negative” rating and set a $28.00 price target (down from $35.00) on shares of Hub Group in a research note on Tuesday. Finally, Wall Street Zen cut Hub Group from a “hold” rating to a “sell” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus target price of $40.46.

Hub Group Stock Performance

Hub Group stock opened at $26.43 on Wednesday. The firm has a market cap of $1.62 billion, a P/E ratio of 15.28 and a beta of 1.24. The business’s fifty day moving average is $36.77 and its two-hundred day moving average is $40.69. Hub Group has a 52 week low of $26.19 and a 52 week high of $53.26.

Institutional Investors Weigh In On Hub Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP grew 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 worth $326,094,000 after buying an additional 491,130 shares during the period. River Road Asset Management LLC raised its position in shares of 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 valued at $56,279,000 after acquiring an additional 81,764 shares during the period. Bank of America Corp DE boosted its stake in Hub Group by 8.1% during the 1st quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock worth $29,197,000 after acquiring an additional 61,025 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Hub Group by 2.0% during 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 during the period. Finally, Edgestream Partners L.P. acquired a new stake in Hub Group in the first quarter worth $8,069,000. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.