Hub Group (NASDAQ:HUBG) Cut to "Sell" at Wall Street Zen

Key Points

• Wall Street Zen downgraded Hub Group to “Sell” from “Hold,” adding to mixed analyst sentiment toward the transportation and logistics company.
• Despite the downgrade, the broader analyst consensus remains “Hold”, with five Buy ratings and eleven Hold ratings and an average price target of $41.31.
• Hub Group shares opened at $29.77, near their 52-week low of $29.37, while institutional investors and hedge funds own approximately 46.77% of the company.

Hub Group (NASDAQ:HUBG - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

Other analysts have also recently issued research reports about the company. Stifel Nicolaus set a $29.00 price objective on Hub Group and gave the company a "hold" rating in a research note on Thursday. UBS Group reiterated a "neutral" rating on shares of Hub Group in a research report on Tuesday, September 15th. Barclays set a $30.00 price target on Hub Group and gave the company an "equal weight" rating in a report on Monday, September 28th. Wells Fargo & Company set a $35.00 price target on Hub Group in a research report on Monday, September 14th. Finally, Raymond James Financial reduced 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. Five investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hub Group currently has an average rating of "Hold" and an average target price of $41.31.

Hub Group Stock Performance

Shares of Hub Group stock opened at $29.77 on Monday. Hub Group has a 1 year low of $29.37 and a 1 year high of $53.26. The firm's 50-day simple moving average is $38.35 and its 200-day simple moving average is $40.89. The firm has a market cap of $1.82 billion, a PE ratio of 17.21 and a beta of 1.24.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cim Investment Management Inc. acquired a new position in Hub Group during the 2nd quarter valued at approximately $261,000. Engineers Gate Manager LP acquired a new stake in Hub Group in the second quarter worth $460,000. Squarepoint Ops LLC increased its position in Hub Group by 31.9% in the second quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company's stock worth $2,797,000 after buying an additional 15,449 shares during the period. Baird Financial Group Inc. lifted its stake in Hub Group by 8.8% in the second quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company's stock valued at $4,576,000 after buying an additional 8,464 shares during the last quarter. Finally, Nykredit A S bought a new stake in Hub Group in the second quarter valued at $25,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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.

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