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

Hub Group, Inc. (NASDAQ:HUBG) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $36.10 and last traded at $36.26, with a volume of 608 shares trading hands. The stock had previously closed at $36.77.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Stifel Nicolaus raised their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price target on the stock. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd. Finally, Barclays decreased their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.82.

Hub Group Stock Down 0.5 %

The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $42.22 and a 200-day moving average price of $44.81. The stock has a market capitalization of $2.25 billion, a P/E ratio of 21.52 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.37%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

Institutional Investors Weigh In On Hub Group

Large investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its position in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock worth $42,000 after acquiring an additional 310 shares in the last quarter. Smartleaf Asset Management LLC grew its position in Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after acquiring an additional 1,142 shares in the last quarter. Sterling Capital Management LLC grew its position in Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock worth $84,000 after acquiring an additional 1,679 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after buying an additional 450 shares during the period. Finally, KBC Group NV boosted its holdings in shares of Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock valued at $114,000 after purchasing an additional 670 shares during the period. 46.77% of the stock is owned by institutional investors.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.