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

Hub Group, Inc. (NASDAQ:HUBG)’s share price reached a new 52-week low during mid-day trading on Monday. The stock traded as low as $24.98 and last traded at $25.9670, with a volume of 1,044,381 shares trading hands. The stock had previously closed at $25.70.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wells Fargo & Company reiterated a “negative” rating and set a $28.00 price objective (down from $35.00) on shares of Hub Group in a research note on Tuesday, October 6th. UBS Group reissued a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Barclays set a $30.00 target price on Hub Group and gave the stock an “equal weight” rating in a research report on Monday, September 28th. Raymond James Financial decreased their price target on Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. Finally, Robert W. Baird upgraded Hub Group from a “neutral” rating to an “outperform” rating and set a $29.00 price target on the stock in a research report on Monday, October 12th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Hub Group has an average rating of “Hold” and an average price target of $40.67.

Hub Group Price Performance

The stock’s fifty day simple moving average is $32.30 and its two-hundred day simple moving average is $40.33.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a dividend of $0.1250 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Monday, September 21st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Nykredit A S acquired a new stake in shares of Hub Group during the 2nd quarter valued at $25,000. Signaturefd LLC boosted its holdings in shares of Hub Group by 229.2% in the third quarter. Signaturefd LLC now owns 1,554 shares of the transportation company’s stock worth $46,000 after buying an additional 1,082 shares during the period. State of Wyoming acquired a new position in shares of Hub Group in the first quarter worth about $52,000. Versant Capital Management Inc increased its position in shares of Hub Group by 10.6% in the second quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock worth $113,000 after acquiring an additional 248 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Hub Group in the second quarter worth approximately $205,000. Institutional investors and hedge funds 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.