Hub Group (NASDAQ:HUBG) Receives “Equal Weight” Rating from Wells Fargo & Company

Wells Fargo & Company restated their equal weight rating on shares of Hub Group (NASDAQ:HUBG) in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. The firm currently has a $35.00 price target on the transportation company’s stock, down from their previous price target of $55.00.

Several other equities research analysts have also recently weighed in on HUBG. Zacks Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a research report on Friday, March 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Monday, December 29th. Wolfe Research reissued an “outperform” rating and set a $50.00 price target on shares of Hub Group in a research note on Thursday, January 8th. Robert W. Baird set a $29.00 price target on shares of Hub Group and gave the company a “neutral” rating in a report on Friday, February 6th. Finally, Susquehanna boosted their price objective on shares of Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a research report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.20.

Hub Group Stock Performance

Shares of NASDAQ:HUBG opened at $36.11 on Thursday. The business has a fifty day moving average of $41.99 and a 200-day moving average of $39.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.26. The firm has a market cap of $2.21 billion, a PE ratio of 20.87, a price-to-earnings-growth ratio of 1.14 and a beta of 1.14.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Institutional Trading of Hub Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in shares of Hub Group by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock worth $591,000 after purchasing an additional 200 shares in the last quarter. Amalgamated Bank increased its holdings in shares of Hub Group by 1.8% during the third quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock worth $606,000 after purchasing an additional 311 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after buying an additional 321 shares in the last quarter. Baird Financial Group Inc. boosted its stake in shares of Hub Group by 0.4% in the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock valued at $3,019,000 after buying an additional 329 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of Hub Group by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock valued at $496,000 after buying an additional 355 shares during the period. 46.77% of the stock is owned by institutional investors.

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.