Wall Street Zen Downgrades Hub Group (NASDAQ:HUBG) to Sell

Hub Group (NASDAQ:HUBG) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Monday, Wall Street Zen reports.

HUBG has been the topic of several other research reports. Stifel Nicolaus set a $29.00 target price on Hub Group and gave the stock a “hold” rating in a report on Thursday, October 1st. UBS Group restated a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Raymond James Financial lowered their price target 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. Weiss Ratings cut Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Finally, Barclays set a $30.00 price objective on Hub Group and gave the stock an “equal weight” rating in a research note on Monday, September 28th. Five research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average price target of $40.46.

Hub Group Price Performance

Hub Group stock opened at $28.16 on Monday. The firm has a 50-day moving average of $37.58 and a 200-day moving average of $40.81. Hub Group has a one year low of $27.91 and a one year high of $53.26. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 16.28 and a beta of 1.24.

Hedge Funds Weigh In On Hub Group

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

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.