Hub Group (NASDAQ:HUBG) Hits New 12-Month Low – Here’s What Happened

Hub Group, Inc. (NASDAQ:HUBG)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.37 and last traded at $31.6930, with a volume of 1331 shares. The stock had previously closed at $36.04.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus target price of $43.31.

Hub Group Trading Down 8.7%

The firm’s fifty day moving average price is $43.42 and its 200 day moving average price is $41.75. The firm has a market capitalization of $2.01 billion, a PE ratio of 19.11, a PEG ratio of 1.03 and a beta of 1.19.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, September 21st. Hub Group’s payout ratio is currently 28.90%.

Institutional Investors Weigh In On Hub Group

A number of large investors have recently bought and sold shares of the business. Engineers Gate Manager LP bought a new stake in shares of Hub Group during the 2nd quarter worth about $460,000. Squarepoint Ops LLC lifted its holdings in shares of Hub Group by 31.9% during the second quarter. Squarepoint Ops LLC now owns 63,882 shares of the transportation company’s stock worth $2,797,000 after buying an additional 15,449 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Hub Group by 8.8% in the 2nd quarter. Baird Financial Group Inc. now owns 104,493 shares of the transportation company’s stock valued at $4,576,000 after purchasing an additional 8,464 shares during the period. Nykredit A S bought a new stake in Hub Group in the 2nd quarter valued at $25,000. Finally, Corient Private Wealth LP acquired a new stake in Hub Group in the 2nd quarter worth $359,000. 46.77% of the stock is currently owned by institutional investors.

Hub Group Company Profile

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.