Hub Group (NASDAQ:HUBG) Upgraded to Outperform at Robert W. Baird

Robert W. Baird upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to an outperform rating in a research note released on Monday morning, MarketBeat.com reports. The firm currently has $29.00 price target on the transportation company’s stock.

Several other brokerages also recently weighed in on HUBG. Zacks Research downgraded shares of Hub Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Barclays set a $30.00 target price on shares of Hub Group and gave the stock an “equal weight” rating in a report on Monday, September 28th. Stifel Nicolaus set a $29.00 price target 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, Wall Street Zen lowered Hub Group from a “hold” rating to a “sell” rating in a research report on Monday, October 5th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average target price of $40.67.

Hub Group Stock Performance

Shares of HUBG opened at $26.61 on Monday. The stock has a market capitalization of $1.63 billion, a PE ratio of 15.38 and a beta of 1.24. Hub Group has a 1 year low of $25.64 and a 1 year high of $53.26. The company’s 50-day simple moving average is $35.96 and its 200-day simple moving average is $40.56.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Monday, September 21st. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Hedge Funds Weigh In On Hub Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cim Investment Management Inc. purchased a new position in Hub Group in the second quarter worth approximately $261,000. Engineers Gate Manager LP acquired a new position in Hub Group during the 2nd quarter worth approximately $460,000. Squarepoint Ops LLC grew its holdings in Hub Group by 31.9% during the 2nd 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 in the last quarter. Baird Financial Group Inc. increased its position in shares of Hub Group by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock valued at $4,576,000 after purchasing an additional 8,464 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Hub Group in the 2nd quarter valued at approximately $25,000. 46.77% of the stock is 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.