Hub Group (NASDAQ:HUBG) Hits New 12-Month Low on Analyst Downgrade

Hub Group, Inc. (NASDAQ:HUBG)’s share price hit a new 52-week low during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $50.00 to $46.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Hub Group traded as low as $29.21 and last traded at $29.2230, with a volume of 25547 shares trading hands. The stock had previously closed at $29.77.

A number of other equities research analysts have also weighed in on the stock. Raymond James Financial dropped 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. Weiss Ratings lowered Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. UBS Group reaffirmed a “neutral” rating on shares of Hub Group in a research report on Tuesday, September 15th. Barclays set a $30.00 price target on Hub Group and gave the company an “equal weight” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company set a $35.00 price objective on Hub Group in a research note on Monday, September 14th. Five equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average target price of $41.00.

Hedge Funds Weigh In On Hub Group

Institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its stake in shares of Hub Group by 88.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock worth $7,420,000 after purchasing an additional 96,489 shares during the period. Louisiana State Employees Retirement System purchased a new position in shares of Hub Group during the 1st quarter valued at approximately $969,000. River Road Asset Management LLC lifted its stake in shares of Hub Group by 6.6% in the 4th quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock valued at $56,279,000 after purchasing an additional 81,764 shares during the period. Wellington Management Group LLP lifted its stake in shares of Hub Group by 7.1% in the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock valued at $326,094,000 after purchasing an additional 491,130 shares during the period. Finally, Caxton Associates LLP purchased a new stake in Hub Group during the first quarter worth $2,156,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 3.5%

The company has a market cap of $1.76 billion, a price-to-earnings ratio of 16.61 and a beta of 1.24. The company’s 50-day moving average is $37.97 and its 200 day moving average is $40.85.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were paid a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Monday, September 21st. Hub Group’s dividend payout ratio is presently 28.90%.

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.