Hub Group (NASDAQ:HUBG) Sets New 1-Year Low - Should You Sell?

Key Points

• Hub Group shares fell 8.7% to a new 52-week low of $32.37, compared with a previous close of $36.04; the company’s market capitalization is approximately $2.01 billion.
• Analysts maintain a largely neutral view, with six Buy ratings, nine Holds and one Sell. The stock has an average rating of “Hold” and a consensus price target of $43.31.
• Hub Group declared a quarterly dividend of $0.125 per share, equivalent to $0.50 annually and a 1.5% yield. Institutional investors and hedge funds own 46.77% of the company.

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The stock traded as low as $32.37 and last traded at $31.6930, with a volume of 1331 shares changing hands. The stock had previously closed at $36.04.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "hold (c)" rating on shares of Hub Group in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Hub Group has an average rating of "Hold" and a consensus target price of $43.31.

Hub Group Stock Down 8.7%

The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.11, a price-to-earnings-growth ratio of 1.03 and a beta of 1.19. The firm's 50 day moving average is $43.42 and its 200 day moving average is $41.75.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 21st. Hub Group's dividend payout ratio (DPR) is presently 28.90%.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently made changes to their positions in HUBG. Nykredit A S purchased a new position in Hub Group during the 2nd quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Hub Group by 265.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company's stock valued at $27,000 after purchasing an additional 468 shares in the last quarter. Quarry LP boosted its position in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company's stock worth $38,000 after buying an additional 809 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company's stock worth $44,000 after buying an additional 321 shares during the period. Finally, State of Wyoming purchased a new position in shares of Hub Group during the first quarter valued at $52,000. Institutional investors and hedge funds 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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