Wall Street Zen Upgrades Hub Group (NASDAQ:HUBG) to "Hold"

Key Points

• Wall Street Zen upgraded Hub Group from “Sell” to “Hold,” while analysts overall maintain a consensus “Hold” rating with a target price of $42.69.
• Hub Group shares opened at $30.34, near the company’s 12-month low of $29.92 and well below its 50-day and 200-day moving averages of $40.37 and $41.07, respectively.
• Institutional investors have increased their positions, with hedge funds and other institutions owning approximately 46.77% of Hub Group’s outstanding shares.

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

Other analysts also recently issued research reports about the stock. UBS Group reissued a "neutral" rating on shares of Hub Group in a research note on Tuesday, September 15th. Wells Fargo & Company set a $35.00 target price on shares of Hub Group in a research note on Monday, September 14th. Weiss Ratings downgraded Hub Group from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, September 21st. Finally, Raymond James Financial lowered their target price on Hub Group from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Thursday, September 17th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Hub Group presently has a consensus rating of "Hold" and a consensus target price of $42.69.

Hub Group Trading Up 1.0%

Shares of HUBG opened at $30.34 on Friday. The company's fifty day simple moving average is $40.37 and its 200-day simple moving average is $41.07. The company has a market cap of $1.86 billion, a P/E ratio of 17.54, a P/E/G ratio of 1.08 and a beta of 1.19. Hub Group has a twelve month low of $29.92 and a twelve month high of $53.26.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently made changes to their positions in HUBG. Arrowstreet Capital Limited Partnership raised its stake in shares of Hub Group by 88.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company's stock valued at $7,420,000 after buying an additional 96,489 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of Hub Group in the first quarter worth about $969,000. Caxton Associates LLP purchased a new stake in shares of Hub Group in the first quarter worth about $2,156,000. River Road Asset Management LLC grew its holdings in Hub Group by 6.6% during the fourth quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company's stock worth $56,279,000 after acquiring an additional 81,764 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Hub Group by 2,065.9% during the first quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company's stock worth $5,286,000 after acquiring an additional 139,900 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company's primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.