Hub Group (NASDAQ:HUBG) Reaches New 12-Month Low - Time to Sell?

Key Points

• Hub Group shares fell to a new 52-week low, trading as low as $31.23 and closing near $31.61, well below its 50- and 200-day moving averages of roughly $41.
• Analyst sentiment remains mixed but leans cautious: the consensus rating is “Hold” with a $42.69 price target, while Raymond James reduced its target to $40 and Wall Street Zen downgraded the stock to “Sell.”
• Hub Group declared a quarterly dividend of $0.125, equivalent to $0.50 annually and a 1.6% yield; institutional investors own 46.77% of the company.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $31.23 and last traded at $31.6110, with a volume of 49286 shares. The stock had previously closed at $32.06.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HUBG. Raymond James Financial cut their price objective on Hub Group from $48.00 to $40.00 and set an "outperform" rating on the stock in a research report on Thursday, September 17th. Wells Fargo & Company set a $35.00 price objective on Hub Group in a research report on Monday, September 14th. UBS Group restated a "neutral" rating on shares of Hub Group in a report on Tuesday, September 15th. Wall Street Zen cut Hub Group from a "hold" rating to a "sell" rating in a research report on Saturday. Finally, Weiss Ratings lowered Hub Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $42.69.

Hub Group Trading Down 0.7%

The company has a market capitalization of $1.95 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.09 and a beta of 1.19. The business's fifty day moving average is $41.54 and its two-hundred day moving average is $41.28.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, September 21st. Hub Group's dividend payout ratio (DPR) is presently 28.90%.

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its stake in 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 purchasing an additional 248 shares during the period. ProShare Advisors LLC increased its holdings in shares of Hub Group by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company's stock valued at $496,000 after purchasing an additional 355 shares during the period. Nykredit A S acquired a new stake in shares of Hub Group during the second quarter worth $25,000. NewEdge Advisors LLC grew its position in Hub Group by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company's stock valued at $248,000 after buying an additional 666 shares during the last quarter. Finally, Sequoia Financial Advisors LLC grew its position in Hub Group by 8.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company's stock valued at $336,000 after buying an additional 705 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Company Profile

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company's primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.

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