Hub Group (NASDAQ:HUBG) Upgraded at Robert W. Baird

Hub Group (NASDAQ:HUBG - Get Free Report) was upgraded by equities research analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $29.00 target price on the transportation company's stock. Robert W. Baird's price target indicates a potential upside of 12.58% from the stock's previous close.

A number of other brokerages also recently issued reports on HUBG. JPMorgan Chase & Co. cut their price target on Hub Group from $50.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, October 5th. UBS Group restated a "neutral" rating on shares of Hub Group in a research note on Tuesday, September 15th. 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 report on Thursday, September 17th. Barclays set a $30.00 price objective on Hub Group and gave the company an "equal weight" rating in a research report on Monday, September 28th. Finally, Wells Fargo & Company reiterated a "negative" rating and issued a $28.00 target price (down from $35.00) on shares of Hub Group in a research note on Tuesday, October 6th. Six equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $40.67.

Hub Group Price Performance

Hub Group stock opened at $25.76 on Monday. The business has a fifty day moving average of $36.35 and a two-hundred day moving average of $40.63. The firm has a market cap of $1.58 billion, a P/E ratio of 14.89 and a beta of 1.24. Hub Group has a twelve month low of $25.64 and a twelve month high of $53.26.

Hedge Funds Weigh In On Hub Group

Large investors have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings 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 valued at $326,094,000 after purchasing an additional 491,130 shares during the last quarter. River Road Asset Management LLC boosted 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 worth $56,279,000 after purchasing an additional 81,764 shares in the last quarter. Bank of America Corp DE grew 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 buying an additional 61,025 shares during the last quarter. Principal Financial Group Inc. grew its stake in Hub Group by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company's stock worth $10,611,000 after buying an additional 5,731 shares during the last quarter. Finally, Edgestream Partners L.P. acquired a new position in Hub Group during the 1st quarter valued at about $8,069,000. 46.77% of the stock is owned by institutional investors and hedge funds.

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.