Hub Group (NASDAQ:HUBG) Sets New 1-Year Low – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG)’s share price hit a new 52-week low during trading on Monday. The stock traded as low as $25.54 and last traded at $25.6450, with a volume of 412,032 shares changing hands. The stock had previously closed at $26.43.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Hub Group from $50.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, October 5th. Raymond James Financial decreased their target price 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. Barclays set a $30.00 target price on shares of Hub Group and gave the company an “equal weight” rating in a research note on Monday, September 28th. Zacks Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 7th. Finally, UBS Group restated a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Six equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $40.67.

Hub Group Price Performance

The stock’s 50-day moving average price is $33.63 and its 200 day moving average price is $40.15. The firm has a market capitalization of $1.59 billion, a PE ratio of 15.07 and a beta of 1.24.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were paid a $0.1250 dividend. The ex-dividend date of this dividend was Monday, September 21st. This represents a $0.50 annualized dividend and a yield of 1.9%. Hub Group’s dividend payout ratio is 28.90%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors and hedge funds have recently bought and sold shares of HUBG. Wellington Management Group LLP lifted its position in shares of Hub Group by 7.1% in the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after purchasing an additional 491,130 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Hub Group by 88.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock worth $7,420,000 after buying an additional 96,489 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Hub Group during the first quarter worth $969,000. Caxton Associates LLP bought a new stake in Hub Group during the 1st quarter valued at $2,156,000. Finally, Renaissance Technologies LLC boosted its position in Hub Group by 2,065.9% during the 1st quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock valued at $5,286,000 after acquiring an additional 139,900 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

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.