Hub Group (NASDAQ:HUBG) Hits New 1-Year Low - Here's Why

Key Points

• Hub Group shares fell 2.9% to a new 52-week low of $25.54, well below their 50-day and 200-day moving averages of $34.30 and $40.30, respectively.
• Analyst sentiment remains mixed: the stock has an overall “Hold” rating, with six Buys, eight Holds, and two Sells, while the average price target is $40.67.
• Hub Group pays a quarterly dividend of $0.125 per share, or $0.50 annually, yielding approximately 1.9%; institutional investors own 46.77% of the company.

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) reached a new 52-week low during trading on Monday. The company traded as low as $25.54 and last traded at $25.6450, with a volume of 412,032 shares. The stock had previously closed at $26.43.

Analyst Ratings Changes

Several analysts have commented on the stock. Barclays set a $30.00 price objective on shares of Hub Group and gave the company an "equal weight" rating in a research note on Monday, September 28th. Robert W. Baird raised shares of Hub Group from a "neutral" rating to an "outperform" rating and set a $29.00 price objective for the company in a report on Monday, October 12th. JPMorgan Chase & Co. cut their price objective 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. Stifel Nicolaus set a $29.00 price objective on shares of Hub Group and gave the stock a "hold" rating in a research report on Thursday, October 1st. Finally, Weiss Ratings downgraded shares of Hub Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, September 21st. Six investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Hub Group currently has an average rating of "Hold" and an average target price of $40.67.

Hub Group Trading Down 2.9%

The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 14.83 and a beta of 1.24. The stock's fifty day moving average price is $34.30 and its two-hundred day moving average price is $40.30.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st were given a dividend of $0.1250 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, September 21st. Hub Group's dividend payout ratio is currently 28.90%.

Institutional Trading of Hub Group

Several hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its position in shares of Hub Group by 10.6% during the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company's stock worth $113,000 after buying an additional 248 shares in the last quarter. Nykredit A S bought a new position in shares of Hub Group in the second quarter valued at approximately $25,000. NewEdge Advisors LLC increased its stake in shares of Hub Group by 10.7% during the first quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company's stock valued at $248,000 after acquiring an additional 666 shares during the period. Sequoia Financial Advisors LLC raised its holdings in Hub Group by 8.2% during the first quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company's stock worth $336,000 after purchasing an additional 705 shares in the last quarter. Finally, State of Wyoming bought a new stake in Hub Group during the first quarter worth approximately $52,000. 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.

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