Hub Group (NASDAQ:HUBG) Reaches New 12-Month Low – What’s Next?

Hub Group, Inc. (NASDAQ:HUBG)’s stock price reached a new 52-week low on Wednesday. The company traded as low as $31.23 and last traded at $31.6110, with a volume of 49286 shares changing hands. The stock had previously closed at $32.06.

Analyst Ratings Changes

Several research firms recently commented on HUBG. Wells Fargo & Company set a $35.00 price objective on shares of Hub Group in a research note on Monday, September 14th. UBS Group restated a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Raymond James Financial cut their price target on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. Wall Street Zen downgraded Hub Group from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings cut Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $42.69.

Hub Group Trading Down 4.4%

The company has a market cap of $1.84 billion, a PE ratio of 17.36, a P/E/G ratio of 1.11 and a beta of 1.19. The firm’s 50-day simple moving average is $40.78 and its two-hundred day simple moving average is $41.15.

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 issued a dividend of $0.1250 per share. The ex-dividend date of this dividend is Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.7%. Hub Group’s payout ratio is 28.90%.

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased 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 valued at $113,000 after purchasing an additional 248 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Hub Group by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock worth $496,000 after buying an additional 355 shares during the last quarter. Nykredit A S purchased a new stake in shares of Hub Group during the 2nd quarter worth approximately $25,000. NewEdge Advisors LLC boosted its holdings in shares of Hub Group by 10.7% in the 1st quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company’s stock valued at $248,000 after buying an additional 666 shares in the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Hub Group by 8.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company’s stock valued at $336,000 after buying an additional 705 shares in the last quarter. Hedge funds and other institutional investors 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.