Hub Group (NASDAQ:HUBG) Hits New 52-Week Low – Here’s Why

Hub Group, Inc. (NASDAQ:HUBG)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $36.10 and last traded at $36.26, with a volume of 608 shares. The stock had previously closed at $36.77.

Analysts Set New Price Targets

HUBG has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Barclays reduced their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Benchmark upped their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hub Group presently has an average rating of “Hold” and an average target price of $47.82.

Hub Group Stock Performance

The firm’s 50 day moving average price is $42.22 and its 200-day moving average price is $44.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a market capitalization of $2.25 billion, a PE ratio of 21.52 and a beta of 0.93.

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

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.37%. Hub Group’s payout ratio is 29.41%.

Institutional Trading of Hub Group

A number of hedge funds have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. increased 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 worth $42,000 after buying an additional 310 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of 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 buying an additional 1,142 shares during the last quarter. Sterling Capital Management LLC increased its holdings in shares of Hub Group by 803.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock worth $84,000 after buying an additional 1,679 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after buying an additional 450 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after purchasing 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.