Hub Group (NASDAQ:HUBG) Upgraded at Zacks Research

Zacks Research upgraded shares of Hub Group (NASDAQ:HUBG) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities analysts also recently weighed in on the stock. Robert W. Baird set a $29.00 price target on shares of Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $35.00 price target (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Benchmark upped their price target on shares of Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research note on Friday, March 27th. Finally, Evercore set a $53.00 price target on shares of Hub Group and gave the stock an “outperform” rating in a research note on Monday, January 12th. Seven investment 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. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.20.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $39.25 on Monday. The company’s fifty day moving average is $39.00 and its two-hundred day moving average is $39.93. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a 12-month low of $30.75 and a 12-month high of $53.26. The company has a market cap of $2.40 billion, a P/E ratio of 22.69, a price-to-earnings-growth ratio of 1.15 and a beta of 1.16.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Friday, March 13th were issued a $0.125 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Hub Group’s dividend payout ratio is currently 28.90%.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in Hub Group by 265.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 468 shares during the period. Torren Management LLC bought a new stake in Hub Group during the fourth quarter valued at about $31,000. Frazier Financial Advisors LLC bought a new stake in Hub Group during the third quarter valued at about $35,000. Quarry LP boosted its holdings in Hub Group by 271.5% during the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 809 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 321 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Company Profile

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.