Hub Group (NASDAQ:HUBG) Hits New 1-Year Low – What’s Next?

Hub Group, Inc. (NASDAQ:HUBG) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as $31.30 and last traded at $31.63, with a volume of 520733 shares traded. The stock had previously closed at $32.70.

Analyst Upgrades and Downgrades

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

Hub Group Stock Performance

The firm has a fifty day simple moving average of $38.29 and a 200-day simple moving average of $43.39. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The company has a market cap of $1.95 billion, a PE ratio of 18.61 and a beta of 1.04.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.58%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of HUBG. Dana Investment Advisors Inc. lifted its holdings in shares of Hub Group by 1.1% during the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company’s stock valued at $1,015,000 after acquiring an additional 252 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Hub Group by 0.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after buying an additional 260 shares during the period. Summit Investment Advisors Inc. grew its stake in shares of Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company’s stock valued at $279,000 after buying an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after buying an additional 310 shares during the period. Finally, Highland Capital Management LLC lifted its position in Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock worth $242,000 after acquiring an additional 338 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

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.