Hub Group (NASDAQ:HUBG) Stock Price Target Lowered at JPMorgan Chase & Co.

by · The Markets Daily

Hub Group (NASDAQ:HUBG – Free Report) had its target price trimmed by JPMorgan Chase & Co. from $50.00 to $46.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a neutral rating on the transportation company’s stock.

HUBG has been the topic of a number of other research reports. Barclays set a $30.00 price target on Hub Group and gave the company an “equal weight” rating in a research report on Monday, September 28th. Wells Fargo & Company set a $35.00 target price on shares of Hub Group in a research note on Monday, September 14th. Stifel Nicolaus set a $29.00 price target on shares of Hub Group and gave the stock a “hold” rating in a research note on Thursday. UBS Group reiterated a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Finally, Raymond James Financial reduced their price objective on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and a consensus target price of $41.00.

Check Out Our Latest Stock Analysis on Hub Group

Hub Group Stock Down 3.5%

Shares of HUBG stock opened at $28.74 on Monday. The stock has a market capitalization of $1.76 billion, a PE ratio of 16.61 and a beta of 1.24. The firm has a 50 day moving average of $37.97 and a two-hundred day moving average of $40.85. Hub Group has a 52 week low of $28.62 and a 52 week high of $53.26.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.1250 per share. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a yield of 1.7%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HUBG. Capital International Investors increased its holdings in shares of Hub Group by 16.9% in the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after purchasing an additional 501,955 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Hub Group by 7.1% during the second quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after purchasing an additional 491,130 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Hub Group during the first quarter worth $8,069,000. Renaissance Technologies LLC grew its position in Hub Group by 2,065.9% in the 1st quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock valued at $5,286,000 after buying an additional 139,900 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Hub Group by 88.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock valued at $7,420,000 after buying an additional 96,489 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

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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.

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