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

Hub Group, Inc. (NASDAQ:HUBG)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $31.30 and last traded at $31.63, with a volume of 520733 shares changing hands. The stock had previously closed at $32.70.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Barclays reduced their target price on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Benchmark raised their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Susquehanna lowered their price target on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Finally, Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $46.73.

Hub Group Stock Up 2.1 %

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 business has a 50-day simple moving average of $37.91 and a 200-day simple moving average of $43.21. The company has a market cap of $1.99 billion, a PE ratio of 19.00 and a beta of 1.04.

Hub Group (NASDAQ:HUBG) last posted 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%. Equities research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.55%. Hub Group’s payout ratio is 29.41%.

Hedge Funds Weigh In On Hub Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Hub Group during the fourth quarter worth about $1,279,000. Hennion & Walsh Asset Management Inc. boosted its position in Hub Group by 16.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after purchasing an additional 1,368 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after acquiring an additional 73,712 shares during the last quarter. Finally, Atria Investments Inc purchased a new stake in shares of Hub Group in the fourth quarter valued at about $216,000. 46.77% of the stock is owned by institutional investors and hedge funds.

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.