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

Key Points

• Hub Group shares fell to a new 52-week low of $24.98 during Monday trading, well below their 50-day and 200-day moving averages of $32.75 and $39.93.
• Analyst sentiment is mixed but leans toward caution: the stock has a consensus “Hold” rating, with an average price target of $40.67; recent targets and ratings included downgrades and lower price objectives.
• Hub Group maintains a quarterly dividend of $0.125 per share, equal to $0.50 annually and a 1.9% yield, while institutional investors own 46.77% of the company.

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday. The company traded as low as $24.98 and last traded at $25.9670, with a volume of 1,044,381 shares trading hands. The stock had previously closed at $25.70.

Wall Street Analyst Weigh In

Several equities analysts have commented on HUBG shares. Stifel Nicolaus set a $29.00 price objective on shares of Hub Group and gave the company a "hold" rating in a report on Thursday, October 1st. Robert W. Baird raised shares of Hub Group from a "neutral" rating to an "outperform" rating and set a $29.00 target price on the stock in a research note on Monday, October 12th. Wells Fargo & Company reiterated a "negative" rating and set a $28.00 target price (down from $35.00) on shares of Hub Group in a research note on Tuesday, October 6th. Wall Street Zen lowered Hub Group from a "hold" rating to a "sell" rating in a research note on Monday, October 5th. Finally, Raymond James Financial decreased their price objective on Hub Group from $48.00 to $40.00 and set an "outperform" rating on the stock in a report on Thursday, September 17th. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Hub Group presently has a consensus rating of "Hold" and an average target price of $40.67.

Hub Group Stock Up 1.2%

The stock has a market capitalization of $1.59 billion, a PE ratio of 14.97 and a beta of 1.24. The business's fifty day moving average is $32.75 and its two-hundred day moving average is $39.93.

Hub Group Dividend Announcement

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

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Signaturefd LLC lifted its holdings in Hub Group by 229.2% in the third quarter. Signaturefd LLC now owns 1,554 shares of the transportation company's stock valued at $46,000 after acquiring an additional 1,082 shares during the last quarter. Inspire Investing LLC increased its stake in Hub Group by 36.7% during the third quarter. Inspire Investing LLC now owns 21,361 shares of the transportation company's stock worth $632,000 after purchasing an additional 5,736 shares during the period. Cardinal Capital Management boosted its position in Hub Group by 6.2% in the 3rd quarter. Cardinal Capital Management now owns 57,657 shares of the transportation company's stock valued at $1,705,000 after buying an additional 3,352 shares during the period. Cim Investment Management Inc. purchased a new position in Hub Group in the second quarter valued at $261,000. Finally, Engineers Gate Manager LP purchased a new position in shares of Hub Group in the 2nd quarter valued at about $460,000. 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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