Hub Group (NASDAQ:HUBG) Hits New 52-Week Low – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG)’s share price hit a new 52-week low during mid-day trading on Monday. The stock traded as low as $25.54 and last traded at $25.6450, with a volume of 412,032 shares. The stock had previously closed at $26.43.

Wall Street Analyst Weigh In

HUBG has been the subject of a number of research analyst reports. JPMorgan Chase & Co. dropped their target price on shares of Hub Group from $50.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, October 5th. Wall Street Zen cut shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Monday, October 5th. Stifel Nicolaus set a $29.00 price objective on Hub Group and gave the stock a “hold” rating in a report on Thursday, October 1st. Barclays set a $30.00 target price on Hub Group and gave the company an “equal weight” rating in a research note on Monday, September 28th. Finally, Wells Fargo & Company reaffirmed a “negative” rating and set a $28.00 price target (down from $35.00) on shares of Hub Group in a research note on Tuesday, October 6th. Six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Hub Group has an average rating of “Hold” and a consensus price target of $40.67.

Hub Group Trading Down 2.9%

The company has a market capitalization of $1.57 billion, a P/E ratio of 14.83 and a beta of 1.24. The company’s fifty day moving average is $34.30 and its 200 day moving average is $40.30.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued 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 dividend payout ratio is 28.90%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Cim Investment Management Inc. bought a new position in shares of Hub Group in the second quarter valued at approximately $261,000. Engineers Gate Manager LP bought a new stake in Hub Group during the 2nd quarter worth approximately $460,000. Squarepoint Ops LLC increased its holdings in Hub Group by 31.9% during the 2nd quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock worth $2,797,000 after acquiring an additional 15,449 shares during the period. Baird Financial Group Inc. lifted its stake in Hub Group by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock worth $4,576,000 after purchasing an additional 8,464 shares in the last quarter. Finally, Nykredit A S purchased a new stake in Hub Group in the 2nd quarter worth approximately $25,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group’s intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers’ domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.