Hub Group (NASDAQ:HUBG) Reaches 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 $31.50 and last traded at $31.90, with a volume of 776147 shares changing hands. The stock had previously closed at $32.55.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price objective on the stock. Barclays dropped their price objective on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Susquehanna reduced their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus increased their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Benchmark upped their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.73.

Hub Group Price Performance

The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $38.92 and a two-hundred day moving average price of $43.63. The firm has a market cap of $2.07 billion, a P/E ratio of 19.81 and a beta of 1.04.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share 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%. Equities analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group’s dividend payout ratio is 29.41%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of HUBG. Nomura Asset Management Co. Ltd. lifted its stake in Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 310 shares in the last quarter. Smartleaf Asset Management LLC raised its stake 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 purchasing an additional 1,142 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after buying an additional 1,679 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after buying an additional 450 shares in the last quarter. Finally, KBC Group NV increased its holdings in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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.