Wolfe Research Lowers Hub Group (NASDAQ:HUBG) to Peer Perform

Wolfe Research downgraded shares of Hub Group (NASDAQ:HUBGGet Rating) from an outperform rating to a peer perform rating in a research note released on Thursday, MarketBeat reports.

Several other analysts have also weighed in on the stock. Cowen lifted their price objective on shares of Hub Group from $109.00 to $119.00 in a research note on Thursday, August 4th. Barclays reduced their target price on shares of Hub Group from $82.00 to $75.00 in a research note on Tuesday, October 11th. Wells Fargo & Company reduced their target price on shares of Hub Group from $96.00 to $95.00 and set an overweight rating for the company in a research note on Wednesday, October 12th. StockNews.com upgraded shares of Hub Group from a hold rating to a buy rating in a research note on Sunday, November 13th. Finally, Morgan Stanley upped their target price on shares of Hub Group from $83.00 to $86.00 and gave the stock an equal weight rating in a research note on Monday, October 31st. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $97.40.

Hub Group Stock Up 0.9 %

NASDAQ:HUBG opened at $81.58 on Thursday. The company has a market cap of $2.71 billion, a PE ratio of 7.62 and a beta of 0.95. Hub Group has a one year low of $60.81 and a one year high of $89.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.38 and a quick ratio of 1.38. The firm’s 50 day simple moving average is $74.81 and its 200 day simple moving average is $75.15.

Institutional Investors Weigh In On Hub Group

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Hub Group by 1.3% during the third quarter. Vanguard Group Inc. now owns 3,729,559 shares of the transportation company’s stock valued at $257,265,000 after purchasing an additional 49,438 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Hub Group by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,351,312 shares of the transportation company’s stock valued at $162,198,000 after purchasing an additional 13,674 shares during the last quarter. State Street Corp lifted its holdings in Hub Group by 3.3% during the first quarter. State Street Corp now owns 1,433,008 shares of the transportation company’s stock valued at $110,643,000 after purchasing an additional 45,357 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Hub Group by 7.1% during the first quarter. Victory Capital Management Inc. now owns 1,402,005 shares of the transportation company’s stock valued at $108,019,000 after purchasing an additional 92,516 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in Hub Group by 4.4% during the second quarter. Macquarie Group Ltd. now owns 1,229,557 shares of the transportation company’s stock valued at $87,225,000 after purchasing an additional 51,768 shares during the last quarter. 94.21% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

(Get Rating)

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.

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