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

Hub Group, Inc. (NASDAQ:HUBG) has received an average rating of “Hold” from the sixteen brokerages that are covering the company, Marketbeat.com reports. Two equities research 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 1-year price target among analysts that have updated their coverage on the stock in the last year is $40.67.

Several analysts have issued reports on the company. Zacks Research downgraded Hub Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Wall Street Zen downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Monday, October 5th. 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 research report on Thursday, September 17th. 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 report on Monday, October 12th. Finally, UBS Group restated a “neutral” rating on shares of Hub Group in a research report on Tuesday, September 15th.

Institutional Trading of Hub Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Nykredit A S acquired a new position in Hub Group during the second quarter valued at $25,000. Signaturefd LLC lifted its stake in Hub Group by 229.2% in the 3rd quarter. Signaturefd LLC now owns 1,554 shares of the transportation company’s stock worth $46,000 after acquiring an additional 1,082 shares in the last quarter. State of Wyoming acquired a new stake in Hub Group during the 1st quarter worth about $52,000. Versant Capital Management Inc boosted its position in Hub Group by 10.6% during the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after acquiring an additional 248 shares during the period. Finally, MidFirst Bank acquired a new stake in Hub Group during the 4th quarter worth about $153,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Up 5.3%

Shares of Hub Group stock opened at $27.45 on Wednesday. Hub Group has a 12-month low of $24.98 and a 12-month high of $53.26. The stock’s fifty day moving average is $32.30 and its 200-day moving average is $40.33.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a yield of 1.8%. The ex-dividend date was Monday, September 21st.

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.