Hub Group (NASDAQ:HUBG) Sets New 52-Week Low After Analyst Downgrade

Hub Group, Inc. (NASDAQ:HUBG) shares hit a new 52-week low during mid-day trading on Monday after JPMorgan Chase & Co. lowered their price target on the stock from $50.00 to $46.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Hub Group traded as low as $29.21 and last traded at $29.2230, with a volume of 25547 shares changing hands. The stock had previously closed at $29.77.

Several other research firms have also recently commented on HUBG. UBS Group reaffirmed a “neutral” rating on shares of Hub Group in a research note on Tuesday, September 15th. Weiss Ratings lowered shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. Raymond James Financial lowered their price target on Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Wells Fargo & Company set a $35.00 target price on shares of Hub Group in a research report on Monday, September 14th. Finally, Stifel Nicolaus set a $29.00 target price on Hub Group and gave the stock a “hold” rating in a research note on Thursday, October 1st. Five investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $40.46.

Institutional Trading of Hub Group

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cim Investment Management Inc. purchased a new position in shares of Hub Group during the 2nd quarter worth approximately $261,000. Engineers Gate Manager LP bought a new position in shares of Hub Group during the second quarter valued at $460,000. Squarepoint Ops LLC increased its stake in Hub Group by 31.9% during the 2nd quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock valued at $2,797,000 after purchasing an additional 15,449 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Hub Group by 8.8% during the second quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock valued at $4,576,000 after acquiring an additional 8,464 shares in the last quarter. Finally, Nykredit A S bought a new stake in shares of Hub Group in the 2nd quarter worth $25,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

The stock has a 50-day simple moving average of $37.58 and a two-hundred day simple moving average of $40.81. The firm has a market cap of $1.72 billion, a PE ratio of 16.28 and a beta of 1.24.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a dividend of $0.1250 per share. The ex-dividend date was Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.8%. Hub Group’s payout ratio is 28.90%.

Hub Group Company Profile

Hub Group, Inc (NASDAQ: HUBG) is a North American transportation and logistics company headquartered in Oak Brook, Illinois. The company helps businesses move goods through a combination of intermodal, truckload, less-than-truckload, final-mile and other transportation services.

Hub Group’s intermodal operations coordinate freight shipments using rail and trucks, while its brokerage business connects shippers with third-party transportation providers. The company also provides dedicated transportation, managed transportation, logistics, warehousing and supply chain solutions designed to support customers’ domestic freight and distribution needs.

Founded in 1971, Hub Group serves customers throughout the United States and maintains transportation capabilities extending into Canada and Mexico.