Hub Group (NASDAQ:HUBG) Stock Bumped Down to Strong Sell by Zacks Research

Zacks Research lowered shares of Hub Group (NASDAQ:HUBG) from a hold rating to a strong sell rating in a report published on Wednesday,Zacks reports.

Several other research firms also recently weighed in on HUBG. Wall Street Zen downgraded Hub Group from a “hold” rating to a “sell” rating in a report on Monday. Barclays set a $30.00 price target on shares of Hub Group and gave the stock an “equal weight” rating in a research note on Monday, September 28th. Wells Fargo & Company reissued a “negative” rating and set a $28.00 price objective (down from $35.00) on shares of Hub Group in a research report on Tuesday. JPMorgan Chase & Co. reduced their target price on shares of Hub Group from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Monday. Finally, Weiss Ratings lowered Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Five 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.46.

Hub Group Stock Performance

Hub Group stock opened at $26.43 on Wednesday. The company has a market capitalization of $1.62 billion, a P/E ratio of 15.28 and a beta of 1.24. Hub Group has a fifty-two week low of $26.19 and a fifty-two week high of $53.26. The stock has a 50-day simple moving average of $36.77 and a 200-day simple moving average of $40.69.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were given a $0.1250 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently modified their holdings of HUBG. Nykredit A S purchased a new stake in shares of Hub Group in the second quarter valued at approximately $25,000. State of Wyoming acquired a new position in shares of Hub Group during the 1st quarter worth $52,000. Versant Capital Management Inc grew its stake in shares of 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 purchasing an additional 248 shares during the period. MidFirst Bank purchased a new position in shares of Hub Group in the 4th quarter valued at about $153,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Hub Group in the second quarter valued at about $205,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Company Profile

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.