Hub Group (NASDAQ:HUBG) Reaches New 1-Year Low - What's Next?

Key Points

• Hub Group shares hit a new 52-week low, falling to $24.96 intraday and last trading near $24.99, compared with a previous close of $26.96.
• Analyst sentiment is mixed but leans cautious: the consensus rating is Hold, with an average price target of $40.73; recent actions included a downgrade to Sell and reduced price targets.
• The company pays a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 2.0% yield.

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report)'s stock price hit a new 52-week low on Thursday. The stock traded as low as $24.96 and last traded at $24.9910, with a volume of 344,940 shares changing hands. The stock had previously closed at $26.96.

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of analyst reports. Wall Street Zen cut shares of Hub Group from a "hold" rating to a "sell" rating in a research note on Monday, October 5th. Wells Fargo & Company restated a "negative" rating and set a $28.00 price objective (down from $35.00) on shares of Hub Group in a research note on Tuesday, October 6th. Stifel Nicolaus set a $29.00 target price on shares of Hub Group and gave the stock a "hold" rating in a report on Thursday, October 1st. JPMorgan Chase & Co. dropped their target price on shares of Hub Group from $50.00 to $46.00 and set a "neutral" rating on the stock in a research note on Monday, October 5th. Finally, UBS Group reiterated a "neutral" rating on shares of Hub Group in a report on Tuesday, September 15th. Six investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Hub Group currently has a consensus rating of "Hold" and an average price target of $40.73.

Hub Group Stock Performance

The business's fifty day moving average price is $30.72 and its 200-day moving average price is $39.73. The stock has a market cap of $1.53 billion, a PE ratio of 14.50 and a beta of 1.22.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 2.0%. Hub Group's payout ratio is currently 28.90%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its stake in Hub Group by 17.8% during the third quarter. Illinois Municipal Retirement Fund now owns 35,277 shares of the transportation company's stock valued at $1,043,000 after purchasing an additional 5,323 shares in the last quarter. Leuthold Group LLC raised its position in shares of Hub Group by 64.1% during the 3rd quarter. Leuthold Group LLC now owns 21,491 shares of the transportation company's stock valued at $636,000 after buying an additional 8,391 shares in the last quarter. Ethic Inc. lifted its holdings in shares of Hub Group by 81.8% in the 3rd quarter. Ethic Inc. now owns 11,832 shares of the transportation company's stock valued at $350,000 after acquiring an additional 5,325 shares during the last quarter. CenterBook Partners LP lifted its holdings in shares of Hub Group by 290.7% in the 3rd quarter. CenterBook Partners LP now owns 47,797 shares of the transportation company's stock valued at $1,414,000 after acquiring an additional 35,563 shares during the last quarter. Finally, Signaturefd LLC grew its position in Hub Group by 229.2% in the third quarter. Signaturefd LLC now owns 1,554 shares of the transportation company's stock worth $46,000 after acquiring an additional 1,082 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

About Hub Group

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.

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