Hub Group, Inc. (HUBG) – What Are Analysts Saying About This Stock?

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been assigned an average recommendation of “Hold” from the sixteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $40.67.

A number of research analysts have recently issued reports on HUBG shares. Wells Fargo & Company restated a “negative” rating and issued a $28.00 price target (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. Stifel Nicolaus set a $29.00 target price on shares of Hub Group and gave the stock a “hold” rating in a research note on Thursday, October 1st. Weiss Ratings lowered shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Finally, Raymond James Financial dropped their target price on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc increased its position in shares of Hub Group by 10.6% in the second quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after purchasing an additional 248 shares during the last quarter. Nykredit A S purchased a new stake in Hub Group in the second quarter valued at approximately $25,000. NewEdge Advisors LLC lifted its position in Hub Group by 10.7% during the first quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company’s stock valued at $248,000 after purchasing an additional 666 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Hub Group by 8.2% during the first quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 705 shares during the last quarter. Finally, Signaturefd LLC lifted its position in Hub Group by 229.2% during the third quarter. Signaturefd LLC now owns 1,554 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 1,082 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Stock Performance

NASDAQ:HUBG opened at $25.70 on Wednesday. The company has a market capitalization of $1.57 billion, a PE ratio of 14.86 and a beta of 1.24. The company has a 50 day simple moving average of $32.75 and a two-hundred day simple moving average of $39.93. Hub Group has a fifty-two week low of $24.98 and a fifty-two week high of $53.26.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a $0.1250 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. Hub Group’s dividend payout ratio (DPR) is 28.90%.

About Hub Group

Hub Group, Inc (NASDAQ:HUBG) is a transportation and logistics company that provides supply chain solutions primarily across North America. Its services are designed to help businesses move, manage and distribute freight through a combination of company-operated capabilities and third-party transportation providers.

The company’s primary business is intermodal transportation, which combines rail and truck service for the movement of freight. Hub Group also provides truck brokerage, dedicated transportation, logistics and supply chain management, warehousing and distribution, and final-mile delivery services.