Hub Group (NASDAQ:HUBG) Cut to “Sell” at Wall Street Zen

Wall Street Zen lowered shares of Hub Group (NASDAQ:HUBG) from a hold rating to a sell rating in a research report report published on Monday,Wall Street Zen reports.

A number of other brokerages have also commented on HUBG. Raymond James Financial cut their target price on Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Weiss Ratings cut shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Stifel Nicolaus set a $29.00 target price on shares of Hub Group and gave the company a “hold” rating in a research report on Thursday, October 1st. UBS Group restated a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Finally, Wells Fargo & Company set a $35.00 target price on Hub Group in a report on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus price target of $40.46.

Hub Group Stock Down 6.6%

Shares of HUBG opened at $26.31 on Monday. The stock’s 50-day moving average price is $37.15 and its 200 day moving average price is $40.75. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 15.21 and a beta of 1.24. Hub Group has a 12-month low of $26.22 and a 12-month high of $53.26.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.1250 per share. The ex-dividend date was Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.9%. Hub Group’s payout ratio is currently 28.90%.

Institutional Investors Weigh In On Hub Group

Hedge funds have recently bought and sold shares of the company. Cim Investment Management Inc. bought a new position in shares of Hub Group during the second quarter worth $261,000. Engineers Gate Manager LP bought a new stake in shares of Hub Group in the 2nd quarter valued at $460,000. Squarepoint Ops LLC increased its position in shares of Hub Group by 31.9% in the 2nd quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock valued at $2,797,000 after buying an additional 15,449 shares in the last quarter. Baird Financial Group Inc. raised its stake in Hub Group by 8.8% during the 2nd quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock worth $4,576,000 after buying an additional 8,464 shares during the period. Finally, Nykredit A S acquired a new stake in Hub Group during the 2nd quarter worth $25,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group’s intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers’ domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.