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

Robert W. Baird upgraded shares of Hub Group (NASDAQ:HUBG) from a neutral rating to an outperform rating in a report released on Monday, MarketBeat Ratings reports. They currently have $29.00 price target on the transportation company’s stock.

Other research analysts have also recently issued research reports about the stock. Stifel Nicolaus set a $29.00 price objective on shares of Hub Group and gave the company a “hold” rating in a research report on Thursday, October 1st. 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. JPMorgan Chase & Co. lowered their target price on shares of Hub Group from $50.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, October 5th. Zacks Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company reiterated a “negative” rating and set a $28.00 price target (down from $35.00) on shares of Hub Group in a report on Tuesday, October 6th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $40.67.

Hub Group Price Performance

Shares of HUBG stock opened at $26.25 on Monday. The company has a market cap of $1.61 billion, a PE ratio of 15.17 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 stock’s 50 day simple moving average is $35.11 and its two-hundred day simple moving average is $40.42.

Hub Group Dividend Announcement

The firm 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 presently 28.90%.

Hedge Funds Weigh In On Hub Group

Several hedge funds have recently bought and sold shares of the business. Cim Investment Management Inc. purchased a new position in Hub Group during the 2nd quarter worth $261,000. Engineers Gate Manager LP bought a new stake in Hub Group during the 2nd quarter valued at $460,000. Squarepoint Ops LLC lifted its holdings 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 worth $2,797,000 after buying an additional 15,449 shares during the period. Baird Financial Group Inc. lifted its holdings 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 worth $4,576,000 after buying an additional 8,464 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Hub Group in the 2nd quarter worth $25,000. Institutional investors own 46.77% of the company’s stock.

About Hub Group

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.