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

Shares of Hub Group, Inc. (NASDAQ:HUBG) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $31.50 and last traded at $31.90, with a volume of 776147 shares trading hands. The stock had previously closed at $32.55.

Wall Street Analysts Forecast Growth

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

Hub Group Price Performance

The stock has a fifty day simple moving average of $39.49 and a 200-day simple moving average of $43.85. The company has a market capitalization of $1.96 billion, a PE ratio of 18.76 and a beta of 1.04. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Equities analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.57%. Hub Group’s dividend payout ratio is presently 29.41%.

Institutional Trading of Hub Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. grew its stake in Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock worth $42,000 after buying an additional 310 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after purchasing an additional 1,142 shares during the period. Sterling Capital Management LLC increased its stake in Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 1,679 shares during the period. Blue Trust Inc. raised its holdings in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after buying an additional 450 shares during the last quarter. Finally, KBC Group NV boosted its stake in shares of Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Company Profile

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.