Hub Group (NASDAQ:HUBG) Reaches New 1-Year Low – What’s Next?

Hub Group, Inc. (NASDAQ:HUBG) shares hit a new 52-week low during mid-day trading on Thursday. The company traded as low as $24.96 and last traded at $24.9910, with a volume of 344,940 shares traded. The stock had previously closed at $26.96.

Analyst Ratings Changes

A number of equities analysts recently commented on HUBG shares. Raymond James Financial dropped their price target on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Stifel Nicolaus set a $29.00 price objective on shares of Hub Group and gave the stock a “hold” rating in a research report on Thursday, October 1st. JPMorgan Chase & Co. decreased their price objective 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. Barclays set a $30.00 target price on Hub Group and gave the company an “equal weight” rating in a research report on Monday, September 28th. Finally, UBS Group reaffirmed a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Six equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.73.

Hub Group Price Performance

The stock’s fifty day moving average price is $30.72 and its 200 day moving average price is $39.73. The stock has a market capitalization of $1.53 billion, a P/E ratio of 14.50 and a beta of 1.22.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were paid a $0.1250 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, September 21st. Hub Group’s dividend payout ratio is currently 28.90%.

Institutional Trading of Hub Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Nykredit A S purchased a new stake in shares of Hub Group in the second quarter valued at approximately $25,000. State of Wyoming bought a new stake in Hub Group during the 1st quarter valued at $52,000. Signaturefd LLC raised its position in Hub Group by 229.2% during the 3rd quarter. Signaturefd LLC now owns 1,554 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 1,082 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Hub Group by 10.6% in the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after buying an additional 248 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Hub Group in the 2nd quarter worth $205,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

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.