Hub Group (NASDAQ:HUBG) 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 report report published on Saturday,Wall Street Zen reports.

Several other research analysts also recently weighed in on the stock. Wells Fargo & Company set a $35.00 target price on shares of Hub Group in a research report on Monday, September 14th. UBS Group reaffirmed a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Finally, Raymond James Financial cut 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 note on Thursday, September 17th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hub Group presently has an average rating of “Hold” and an average price target of $42.69.

Hub Group Trading Down 3.2%

Shares of HUBG opened at $31.68 on Friday. The business’s 50-day moving average price is $41.84 and its 200 day moving average price is $41.36. The stock has a market capitalization of $1.94 billion, a P/E ratio of 18.31, a P/E/G ratio of 1.13 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 Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors 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 dividend yield of 1.6%. The ex-dividend date is Monday, September 21st. Hub Group’s dividend payout ratio (DPR) is currently 28.90%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in HUBG. Engineers Gate Manager LP purchased a new position in shares of Hub Group during the 2nd quarter valued at $460,000. Squarepoint Ops LLC increased its stake in shares of Hub Group by 31.9% in the second quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock worth $2,797,000 after acquiring an additional 15,449 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of Hub Group by 8.8% during the second quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock worth $4,576,000 after acquiring an additional 8,464 shares in the last quarter. Nykredit A S purchased a new stake in shares of Hub Group during the second quarter worth $25,000. Finally, Corient Private Wealth LP acquired a new stake in Hub Group during the second quarter valued at $359,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Company Profile

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.