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

Shares of Hub Group, Inc. (NASDAQ:HUBG) reached a new 52-week low on Tuesday. The company traded as low as $29.72 and last traded at $30.22, with a volume of 763813 shares. The stock had previously closed at $30.34.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HUBG shares. Wells Fargo & Company set a $35.00 price target on Hub Group in a research note on Monday, September 14th. Raymond James Financial cut their price objective 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. Weiss Ratings cut shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, September 21st. Wall Street Zen raised shares of Hub Group from a “sell” rating to a “hold” rating in a report on Sunday. Finally, UBS Group reaffirmed a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hub Group presently has a consensus rating of “Hold” and a consensus target price of $41.31.

Hub Group Price Performance

The business’s 50-day moving average price is $39.13 and its two-hundred day moving average price is $40.95. The company has a market capitalization of $1.81 billion, a P/E ratio of 17.10, a PEG ratio of 1.08 and a beta of 1.19.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st were issued a dividend of $0.1250 per share. The ex-dividend date was Monday, September 21st. This represents a $0.50 annualized dividend and a yield of 1.7%. Hub Group’s payout ratio is currently 28.90%.

Institutional Investors Weigh In On Hub Group

Large investors have recently modified their holdings of the business. Versant Capital Management Inc raised its position in shares of Hub Group by 10.6% during the second quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after purchasing an additional 248 shares during the period. Nykredit A S bought a new stake in Hub Group during the 2nd quarter worth approximately $25,000. NewEdge Advisors LLC increased its stake in Hub Group by 10.7% during the 1st quarter. NewEdge Advisors LLC now owns 6,880 shares of the transportation company’s stock worth $248,000 after purchasing an additional 666 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in Hub Group by 8.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 9,315 shares of the transportation company’s stock worth $336,000 after buying an additional 705 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Hub Group by 11.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,440 shares of the transportation company’s stock valued at $360,000 after buying an additional 846 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

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.