Hub Group (NASDAQ:HUBG) Stock Rating Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research note published on Monday morning,Wall Street Zen reports.

Several other brokerages have also recently weighed in on HUBG. Raymond James Financial decreased their price objective on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. Barclays set a $30.00 target price on shares of Hub Group and gave the company an “equal weight” rating in a research note on Monday, September 28th. UBS Group reissued a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Weiss Ratings lowered Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, September 21st. Finally, Stifel Nicolaus set a $29.00 price target on Hub Group and gave the company a “hold” rating in a report on Thursday. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average target price of $41.00.

Hub Group Stock Down 3.5%

Shares of Hub Group stock opened at $28.74 on Monday. Hub Group has a 12-month low of $28.62 and a 12-month high of $53.26. The stock has a market capitalization of $1.76 billion, a P/E ratio of 16.61 and a beta of 1.24. The company has a 50-day simple moving average of $37.97 and a 200 day simple moving average of $40.85.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were given a $0.1250 dividend. This represents a $0.50 annualized dividend and a yield of 1.7%. The ex-dividend date was Monday, September 21st. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Hedge Funds Weigh In On Hub Group

A number of large investors have recently modified their holdings of HUBG. Cim Investment Management Inc. bought a new stake in shares of Hub Group during the second quarter valued at approximately $261,000. Engineers Gate Manager LP bought a new position in Hub Group in the 2nd quarter worth approximately $460,000. Squarepoint Ops LLC lifted its holdings in Hub Group by 31.9% during the 2nd quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock worth $2,797,000 after buying an additional 15,449 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Hub Group by 8.8% during the 2nd quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock worth $4,576,000 after buying an additional 8,464 shares in the last quarter. Finally, Nykredit A S bought a new position in Hub Group in the 2nd quarter valued at $25,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Company Profile

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.