Hub Group (NASDAQ:HUBG) Reaches New 52-Week Low Following Analyst Downgrade

Hub Group, Inc. (NASDAQ:HUBG) reached a new 52-week low during mid-day trading on Thursday after Barclays lowered their price target on the stock from $50.00 to $45.00. Barclays currently has an equal weight rating on the stock. Hub Group traded as low as $33.98 and last traded at $34.01, with a volume of 208410 shares trading hands. The stock had previously closed at $38.01.

HUBG has been the topic of a number of other research reports. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Benchmark lifted their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna decreased 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. Finally, 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 research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.73.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC boosted its position in shares of Hub Group by 17.5% during the 3rd quarter. FMR LLC now owns 54,650 shares of the transportation company’s stock worth $2,484,000 after purchasing an additional 8,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Hub Group by 4.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,307 shares of the transportation company’s stock worth $5,195,000 after acquiring an additional 5,092 shares in the last quarter. Point72 DIFC Ltd grew its holdings in shares of Hub Group by 20.3% in the 3rd quarter. Point72 DIFC Ltd now owns 6,358 shares of the transportation company’s stock worth $289,000 after acquiring an additional 1,075 shares during the period. State Street Corp increased its stake in Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares in the last quarter. Finally, iSAM Funds UK Ltd acquired a new position in Hub Group during the third quarter worth $214,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Performance

The company has a market capitalization of $2.05 billion, a PE ratio of 19.64 and a beta of 1.04. The stock has a 50-day simple moving average of $40.29 and a 200 day simple moving average of $44.14. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

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

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

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.