Hub Group (NASDAQ:HUBG) Stock Rating Raised to “Outperform” at Robert W. Baird

Hub Group (NASDAQ:HUBG) was upgraded by Robert W. Baird from a “neutral” rating to an “outperform” rating in a research note issued to investors on Monday, MarketBeat reports. The brokerage currently has a $29.00 price objective on the transportation company’s stock. Robert W. Baird’s target price suggests a potential upside of 9.41% from the company’s previous close.

Several other research analysts also recently commented on HUBG. Wells Fargo & Company reiterated a “negative” rating and issued a $28.00 price objective (down from $35.00) on shares of Hub Group in a report on Tuesday, October 6th. Barclays set a $30.00 price target on Hub Group and gave the stock an “equal weight” rating in a research report on Monday, September 28th. Wall Street Zen cut Hub Group from a “hold” rating to a “sell” rating in a research note on Monday, October 5th. Stifel Nicolaus set a $29.00 price target on Hub Group and gave the stock a “hold” rating in a research note on Thursday, October 1st. Finally, Zacks Research lowered Hub Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. 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 stock. According to data from MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus price target of $40.67.

Hub Group Price Performance

HUBG stock traded up $0.13 during mid-day trading on Monday, hitting $26.51. 96,219 shares of the stock were exchanged, compared to its average volume of 965,743. The business has a fifty day moving average price of $35.53 and a 200 day moving average price of $40.49. Hub Group has a 12 month low of $25.64 and a 12 month high of $53.26. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 15.32 and a beta of 1.24.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cim Investment Management Inc. bought a new stake in Hub Group in the second quarter valued at $261,000. Engineers Gate Manager LP purchased a new position in Hub Group during the 2nd quarter valued at $460,000. Squarepoint Ops LLC raised its holdings in 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 purchasing an additional 15,449 shares in the last quarter. Baird Financial Group Inc. raised its holdings in 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 purchasing an additional 8,464 shares in the last quarter. Finally, Nykredit A S purchased a new stake in shares of Hub Group in the 2nd quarter worth about $25,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.