Hub Group (NASDAQ:HUBG) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

HUBG has been the subject of a number of other reports. Raymond James Financial reduced their price target on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday. Wells Fargo & Company set a $35.00 target price on shares of Hub Group in a research note on Monday, September 14th. UBS Group restated a “neutral” rating on shares of Hub Group in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research note on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Hub Group has a consensus rating of “Hold” and an average target price of $42.69.

Hub Group Trading Down 2.0%

Shares of HUBG stock opened at $32.72 on Friday. The stock’s fifty day simple moving average is $42.16 and its 200-day simple moving average is $41.45. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 0.93 and a beta of 1.19. Hub Group has a 1-year low of $31.41 and a 1-year high of $53.26.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.5%. The ex-dividend date is Monday, September 21st. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Institutional Trading of Hub Group

Several large investors have recently made changes to their positions in HUBG. Northwestern Mutual Wealth Management Co. lifted its holdings in Hub Group by 78,261.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,917 shares of the transportation company’s stock worth $5,877,000 after purchasing an additional 137,741 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Hub Group by 88.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock worth $7,420,000 after purchasing an additional 96,489 shares during the period. Louisiana State Employees Retirement System acquired a new position in Hub Group during the first quarter valued at approximately $969,000. River Road Asset Management LLC grew its holdings in Hub Group by 6.6% during the fourth quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock valued at $56,279,000 after purchasing an additional 81,764 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Hub Group by 2,065.9% in the first quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock valued at $5,286,000 after purchasing an additional 139,900 shares during the period. Institutional investors own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.