Hub Group (NASDAQ:HUBG) Stock Moved Down to Strong Sell by Zacks Research

Hub Group (NASDAQ:HUBG) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Wednesday, Zacks reports.

Several other research firms have also recently weighed in on HUBG. Barclays set a $30.00 price objective on shares of Hub Group and gave the company an “equal weight” rating in a research report on Monday, September 28th. Stifel Nicolaus set a $29.00 price target on shares of Hub Group and gave the stock a “hold” rating in a research note on Thursday, October 1st. JPMorgan Chase & Co. cut their price target on shares of Hub Group from $50.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday. Wall Street Zen cut Hub Group from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Raymond James Financial decreased their price objective on Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Five analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Hub Group presently has a consensus rating of “Hold” and a consensus price target of $40.46.

Hub Group Stock Up 0.5%

Shares of NASDAQ HUBG opened at $26.43 on Wednesday. Hub Group has a 52 week low of $26.19 and a 52 week high of $53.26. The business has a 50-day simple moving average of $36.77 and a two-hundred day simple moving average of $40.69. The company has a market cap of $1.62 billion, a P/E ratio of 15.28 and a beta of 1.24.

Institutional Investors Weigh In On Hub Group

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Hub Group by 7.1% in the second quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock valued at $326,094,000 after acquiring an additional 491,130 shares during the period. River Road Asset Management LLC increased its stake in shares of Hub Group by 6.6% in the 4th quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock worth $56,279,000 after purchasing an additional 81,764 shares in the last quarter. Bank of America Corp DE increased its holdings in Hub Group by 8.1% in the 1st quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock worth $29,197,000 after acquiring an additional 61,025 shares in the last quarter. Principal Financial Group Inc. increased its holdings in Hub Group by 2.0% in the 1st quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company’s stock worth $10,611,000 after acquiring an additional 5,731 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in Hub Group during the 1st quarter worth approximately $8,069,000. 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.