Brokerages Set Hub Group, Inc. (NASDAQ:HUBG) Target Price at $43.31

Shares of Hub Group, Inc. (NASDAQ:HUBG) have been given an average recommendation of “Hold” by the sixteen brokerages that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $43.3077.

Several equities analysts recently issued reports on HUBG shares. Benchmark decreased their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research note on Wednesday, June 24th.

Hub Group Stock Up 1.7%

Shares of NASDAQ HUBG opened at $36.54 on Tuesday. Hub Group has a twelve month low of $32.90 and a twelve month high of $53.26. The stock has a market cap of $2.23 billion, a price-to-earnings ratio of 21.12, a P/E/G ratio of 1.03 and a beta of 1.19. The company’s fifty day moving average is $44.42 and its 200-day moving average is $41.96.

Institutional Investors Weigh In On Hub Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S acquired a new position in Hub Group in the 2nd quarter worth $25,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hub Group by 265.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 468 shares during the period. Quarry LP raised its stake in shares of Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares during the period. Finally, NewEdge Advisors LLC boosted its position in shares of Hub Group by 333.8% during the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after buying an additional 1,145 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.