Hub Group, Inc. (NASDAQ:HUBG) Stock Now Rated "Hold" by Sell-Side Brokerages

Key Points

• Analyst consensus on Hub Group is “Hold”: Of 15 covering firms, seven rate the stock Hold, six Buy and two Sell; the average 12-month price target is $40.73.
• Recent ratings were mixed but included several downgrades and price-target cuts, including Wells Fargo’s $28 target and Raymond James’ reduction to $40; Robert W. Baird upgraded the stock to Outperform.
• HUBG traded at $24.60, near its 52-week low of $23.90 and well below its 52-week high of $53.26. The company’s annualized dividend is $0.50 per share, a 2.0% yield at the cited price.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) have received an average recommendation of "Hold" from the fifteen research firms that are currently covering the company, Marketbeat Ratings 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 12 month target price among analysts that have issued ratings on the stock in the last year is $40.73.

Several equities analysts have recently commented on the company. Zacks Research downgraded Hub Group from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 7th. Raymond James Financial reduced their price target on Hub Group from $48.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, September 17th. Wells Fargo & Company reiterated a "negative" rating and set a $28.00 price objective (down from $35.00) on shares of Hub Group in a research report on Tuesday, October 6th. Wall Street Zen cut shares of Hub Group from a "hold" rating to a "sell" rating in a research report on Monday, October 5th. Finally, Robert W. Baird upgraded shares of Hub Group from a "neutral" rating to an "outperform" rating and set a $29.00 price target on the stock in a research note on Monday, October 12th.

Institutional Investors Weigh In On Hub Group

Large investors have recently modified their holdings of the business. Entropy Technologies LP acquired a new position in Hub Group in the 3rd quarter worth about $1,887,000. Jump Financial LLC bought a new position in Hub Group in the 3rd quarter valued at approximately $1,387,000. Sachem Head Capital Management LP bought a new position in Hub Group in the 3rd quarter valued at approximately $88,296,000. Marshall Wace LLP acquired a new stake in Hub Group during the 3rd quarter worth approximately $6,215,000. Finally, Empowered Funds LLC lifted its holdings in shares of Hub Group by 811.5% during the third quarter. Empowered Funds LLC now owns 56,239 shares of the transportation company's stock worth $1,664,000 after purchasing an additional 50,069 shares during the period. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Trading Up 0.8%

Shares of HUBG traded up $0.19 during mid-day trading on Friday, reaching $24.60. The company's stock had a trading volume of 419,930 shares, compared to its average volume of 818,490. Hub Group has a 1-year low of $23.90 and a 1-year high of $53.26. The business has a 50-day simple moving average of $28.76 and a two-hundred day simple moving average of $38.93. The stock has a market cap of $1.50 billion, a P/E ratio of 14.22 and a beta of 1.22.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, September 21st. Hub Group's dividend payout ratio (DPR) is 28.90%.

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.

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