Hub Group (NASDAQ:HUBG) Sets New 1-Year Low - Time to Sell?

Key Points

• Hub Group shares fell to a new 52-week low of $29.72 and were last trading near $30.22, well below their 50-day and 200-day moving averages.
• Analysts’ consensus rating remains “Hold”, with five Buy, ten Hold, and one Sell rating; the average price target is $41.31, although several firms recently lowered targets.
• Hub Group declared a quarterly dividend of $0.125 per share, equivalent to a $0.50 annual payout and a 1.7% yield. Institutional investors own approximately 46.77% of the company.

Shares of Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) hit a new 52-week low on Tuesday. The company traded as low as $29.72 and last traded at $30.22, with a volume of 763813 shares changing hands. The stock had previously closed at $30.34.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. UBS Group reaffirmed a "neutral" rating on shares of Hub Group in a research report on Tuesday, September 15th. Barclays set a $30.00 price target on Hub Group and gave the company an "equal weight" rating in a research report on Monday. Weiss Ratings cut Hub Group from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday, September 21st. Wells Fargo & Company set a $35.00 target price on Hub Group in a report on Monday, September 14th. Finally, Raymond James Financial reduced their price objective on Hub Group from $48.00 to $40.00 and set an "outperform" rating for the company in a research report on Thursday, September 17th. Five equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.31.

Hub Group Trading Down 0.4%

The firm has a fifty day simple moving average of $39.96 and a 200 day simple moving average of $41.03. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 1.08 and a beta of 1.19.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.1250 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Monday, September 21st. Hub Group's dividend payout ratio is currently 28.90%.

Institutional Trading of Hub Group

Several institutional investors have recently bought and sold shares of the stock. Nykredit A S bought a new position in Hub Group during the 2nd quarter valued at about $25,000. State of Wyoming acquired a new position in Hub Group in the first quarter worth $52,000. Versant Capital Management Inc boosted its stake in Hub Group by 10.6% in the second 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 in the last quarter. MidFirst Bank bought a new stake in shares of Hub Group during the fourth quarter worth $153,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Hub Group in the second quarter valued at $205,000. 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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