Hub Group, Inc. (NASDAQ:HUBG) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Analyst consensus is “Hold”: Of 16 brokerages covering Hub Group, nine rated it a hold, six a buy, and one a sell. The average 12-month price target is $43.31, above the stock’s reported opening price of $39.87.
• Institutional ownership remains significant: Institutional investors own 46.77% of Hub Group, with several major firms—including Wellington Management and Capital International Investors—holding or adding substantial positions.
• Hub Group shares were up 0.7%, while trading below their 50-day moving average of $44.81 but above their 52-week low of $32.90; the stock’s 52-week high is $53.26.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have received an average recommendation of "Hold" from the sixteen ratings firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $43.3077.

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Hub Group in a research note on Wednesday, June 24th. Benchmark dropped their price target on Hub Group from $50.00 to $42.00 and set a "buy" rating on the stock in a research note on Thursday, May 14th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP bought a new stake in shares of Hub Group during the 4th quarter valued at about $139,588,000. California State Teachers Retirement System lifted its stake in shares of Hub Group by 4,164.4% in the 2nd quarter. California State Teachers Retirement System now owns 3,059,476 shares of the transportation company's stock worth $133,974,000 after purchasing an additional 2,987,732 shares during the period. Broad Bay Capital Management LP bought a new position in shares of Hub Group in the 4th quarter worth approximately $30,424,000. Millennium Management LLC boosted its holdings in shares of Hub Group by 138.4% in the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company's stock worth $39,209,000 after buying an additional 661,018 shares during the last quarter. Finally, Capital International Investors grew its position in Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company's stock valued at $147,673,000 after buying an additional 501,955 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Up 0.7%

Shares of HUBG stock opened at $39.87 on Tuesday. The company has a 50 day moving average price of $44.81 and a 200-day moving average price of $42.05. Hub Group has a 52 week low of $32.90 and a 52 week high of $53.26. The firm has a market capitalization of $2.44 billion, a PE ratio of 23.05, a P/E/G ratio of 1.13 and a beta of 1.22.

Hub Group Company Profile

Hub Group, Inc NASDAQ: HUBG is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.

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