Hub Group, Inc. (NASDAQ:HUBG) Stock Rated “Hold” by Wall Street Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been given an average rating of “Hold” by the fifteen analysts that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.73.

A number of research analysts have recently issued reports on HUBG shares. Raymond James Financial dropped their price objective on Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Wall Street Zen downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Monday, October 5th. Stifel Nicolaus set a $29.00 target price on shares of Hub Group and gave the stock a “hold” rating in a research note on Thursday, October 1st. Weiss Ratings lowered shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Finally, Zacks Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th.

Hub Group Stock Up 0.8%

Hub Group stock traded up $0.19 during mid-day trading on Friday, hitting $24.60. 419,930 shares of the stock were exchanged, compared to its average volume of 818,490. Hub Group has a 12 month low of $23.90 and a 12 month high of $53.26. The firm’s fifty day simple moving average is $28.76 and its two-hundred day simple moving average is $38.93. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 14.22 and a beta of 1.22.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Monday, September 21st. Hub Group’s dividend payout ratio (DPR) is currently 28.90%.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wellington Management Group LLP increased its holdings in 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 last quarter. Arrowstreet Capital Limited Partnership raised its stake in Hub Group by 88.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock valued at $7,420,000 after acquiring an additional 96,489 shares during the period. Caxton Associates LLP purchased a new stake in Hub Group during the first quarter valued at about $2,156,000. Renaissance Technologies LLC boosted its holdings in Hub Group by 2,065.9% in the 1st quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock worth $5,286,000 after buying an additional 139,900 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in Hub Group during the 1st quarter valued at $8,069,000. 46.77% of the stock is owned by institutional investors.

About Hub Group

Hub Group, Inc. is a transportation management and logistics company that helps businesses move freight and manage supply chains. Its services include intermodal transportation, truck brokerage, dedicated trucking, less-than-truckload shipping and managed transportation. The company combines rail and truck services with logistics capabilities, including freight planning, shipment visibility and supply chain management. Hub Group serves customers across North America and supports international freight movements through its logistics network.