Hub Group, Inc. (NASDAQ:HUBG) Given Consensus Recommendation of “Hold” by Analysts

Hub Group, Inc. (NASDAQ:HUBG) has been given a consensus rating of “Hold” by the seventeen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $43.1429.

HUBG has been the topic of a number of recent research reports. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Benchmark dropped their target price on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Wells Fargo & Company reissued an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Stifel Nicolaus increased their price target on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a report on Thursday, April 2nd.

Trending Headlines about Hub Group

Here are the key news stories impacting Hub Group this week:

• Positive Sentiment: No clearly positive company-specific developments were reported in the latest news flow.
• Neutral Sentiment: Hub Group’s short interest update showed 0 shares as of July 10, with no meaningful change reported and a days-to-cover ratio of 0.0 days.
• Negative Sentiment: Several law firms announced or promoted securities fraud class action claims against Hub Group, increasing legal overhang and keeping investor focus on the company’s accounting issues and corrective actions taken against two senior executives. Article Title

Institutional Investors Weigh In On Hub Group

Several institutional investors have recently made changes to their positions in HUBG. Royal Bank of Canada grew its holdings in Hub Group by 24.5% during the 1st quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 2,305 shares during the last quarter. AQR Capital Management LLC lifted its stake in Hub Group by 4.9% in the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock worth $2,194,000 after purchasing an additional 2,761 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Hub Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock valued at $1,325,000 after buying an additional 1,542 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Hub Group by 3.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after buying an additional 4,844 shares during the period. Finally, Intech Investment Management LLC grew its stake in shares of Hub Group by 33.3% during the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock valued at $1,456,000 after buying an additional 9,791 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

HUBG opened at $46.20 on Monday. The firm has a market cap of $2.83 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.32 and a beta of 1.22. Hub Group has a 12 month low of $32.46 and a 12 month high of $53.26. The stock has a 50-day moving average of $43.08 and a 200 day moving average of $42.37.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were given a dividend of $0.125 per share. The ex-dividend date was Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. Hub Group’s payout ratio is 28.90%.

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.