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

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $30.97 and last traded at $31.64, with a volume of 521178 shares traded. The stock had previously closed at $32.30.

Analyst Upgrades and Downgrades

HUBG has been the topic of several recent analyst reports. Susquehanna reduced their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price objective for the company. Benchmark reduced their target price on Hub Group from $49.00 to $40.00 and set a "buy" rating on the stock in a report on Wednesday. Barclays cut their price objective on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Hub Group presently has a consensus rating of "Hold" and an average target price of $45.91.

Hub Group Trading Down 3.9 %

The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.91 and a beta of 1.04. The business's 50-day moving average price is $36.67 and its 200 day moving average price is $42.77.

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

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. Hub Group's payout ratio is 29.41%.

Institutional Investors Weigh In On Hub Group

Institutional investors and hedge funds have recently made changes to their positions in the company. Farther Finance Advisors LLC raised its holdings in shares of Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after purchasing an additional 700 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after acquiring an additional 310 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after acquiring an additional 1,142 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after acquiring an additional 1,679 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Hub Group by 40.5% during the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after purchasing an additional 714 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.