Hub Group (NASDAQ:HUBG) Sets New 12-Month Low After Analyst Downgrade

Hub Group, Inc. (NASDAQ:HUBG)’s stock price hit a new 52-week low during 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. The stock had previously closed at $38.01.

A number of other brokerages have also recently weighed in on HUBG. Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Benchmark increased 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. Stifel Nicolaus upped their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, 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 objective on the stock. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.73.

Hedge Funds Weigh In On Hub Group

Several hedge funds have recently made changes to their positions in the business. Dana Investment Advisors Inc. raised its holdings in Hub Group by 1.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company’s stock worth $1,015,000 after purchasing an additional 252 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in 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 in the last quarter. Summit Investment Advisors Inc. raised its stake in Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company’s stock worth $279,000 after buying an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Hub Group by 48.4% in the fourth 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 period. Finally, Highland Capital Management LLC boosted 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 valued at $242,000 after acquiring an additional 338 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

The stock has a market cap of $2.09 billion, a PE ratio of 20.01 and a beta of 1.04. The business has a fifty day simple moving average of $40.76 and a two-hundred day simple moving average of $44.30. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

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

Hub Group Announces Dividend

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 dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.47%. Hub Group’s dividend payout ratio (DPR) is currently 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.