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

Key Points

• Hub Group shares fell to a new 52-week low of $29.21 after Wall Street Zen downgraded the stock from “hold” to “sell.” The stock closed previously at $29.77.
• Analyst sentiment remains cautious: five analysts rate Hub Group a “buy” and eleven rate it a “hold,” producing a consensus “hold” rating and a $41.31 price target.
• Institutional investors own 46.77% of the company, with several major firms recently increasing their positions. Hub Group also pays a quarterly dividend of $0.125 per share, equivalent to a 1.7% annual yield.

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report)'s stock price reached a new 52-week low on Monday after Wall Street Zen downgraded the stock from a hold rating to a sell rating. The stock 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 brokerages also recently issued reports on HUBG. 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. Raymond James Financial decreased their price objective on shares of Hub Group from $48.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, September 17th. Wells Fargo & Company set a $35.00 target price on shares of Hub Group in a report on Monday, September 14th. UBS Group restated a "neutral" rating on shares of Hub Group in a report on Tuesday, September 15th. Finally, Stifel Nicolaus set a $29.00 price target on shares of Hub Group and gave the company a "hold" rating in a research report on Thursday. Five 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, the company presently has a consensus rating of "Hold" and a consensus price target of $41.31.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Wellington Management Group LLP boosted its position in Hub Group by 7.1% in 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 last quarter. Capital International Investors boosted its holdings in shares of Hub Group by 16.9% in the 4th quarter. Capital International Investors now owns 3,465,688 shares of the transportation company's stock worth $147,673,000 after buying an additional 501,955 shares during the last quarter. River Road Asset Management LLC increased its holdings in Hub Group by 6.6% during the fourth quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company's stock worth $56,279,000 after buying an additional 81,764 shares during the last quarter. Bank of America Corp DE increased its holdings in Hub Group by 8.1% during the first quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company's stock worth $29,197,000 after buying an additional 61,025 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Hub Group by 2.0% in the first quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company's stock worth $10,611,000 after acquiring an additional 5,731 shares during the period. 46.77% of the stock is owned by institutional investors.

Hub Group Stock Down 1.2%

The firm's 50-day simple moving average is $38.35 and its 200 day simple moving average is $40.89. The firm has a market cap of $1.80 billion, a P/E ratio of 16.96 and a beta of 1.24.

Hub Group Dividend Announcement

The company also recently declared 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. The ex-dividend date was Monday, September 21st. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. Hub Group's dividend payout ratio is presently 28.90%.

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.

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