Hub Group (NASDAQ:HUBG) Reaches New 12-Month Low – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $24.98 and last traded at $25.9670, with a volume of 1,044,381 shares changing hands. The stock had previously closed at $25.70.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research lowered Hub Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 7th. Raymond James Financial decreased their price target on Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, September 17th. UBS Group restated a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Robert W. Baird raised shares of Hub Group from a “neutral” rating to an “outperform” rating and set a $29.00 price target for the company in a report on Monday, October 12th. Finally, Barclays set a $30.00 target price on Hub Group and gave the stock an “equal weight” rating in a research report on Monday, September 28th. Six 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 stock. According to data from MarketBeat.com, Hub Group currently has an average rating of “Hold” and an average target price of $40.67.

Hub Group Stock Up 1.2%

The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 14.97 and a beta of 1.24. The business has a 50-day moving average of $32.75 and a 200-day moving average of $39.93.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 1.9%. Hub Group’s payout ratio is presently 28.90%.

Institutional Investors Weigh In On Hub Group

Hedge funds have recently made changes to their positions in the company. Nykredit A S acquired a new stake in shares of Hub Group in the 2nd quarter valued at $25,000. Signaturefd LLC grew its holdings in Hub Group by 229.2% during the third quarter. Signaturefd LLC now owns 1,554 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 1,082 shares during the period. State of Wyoming acquired a new position in shares of Hub Group in the 1st quarter valued at approximately $52,000. Versant Capital Management Inc boosted its holdings in shares of Hub Group by 10.6% in the second quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock valued at $113,000 after buying an additional 248 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of Hub Group in the second quarter valued at about $205,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ:HUBG) is a transportation and logistics company that provides supply chain solutions primarily across North America. Its services are designed to help businesses move, manage and distribute freight through a combination of company-operated capabilities and third-party transportation providers.

The company’s primary business is intermodal transportation, which combines rail and truck service for the movement of freight. Hub Group also provides truck brokerage, dedicated transportation, logistics and supply chain management, warehousing and distribution, and final-mile delivery services.