Hub Group (NASDAQ:HUBG) Sets New 1-Year Low - Here's What Happened

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $31.50 and last traded at $31.90, with a volume of 776147 shares traded. The stock had previously closed at $32.55.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective on the stock. Benchmark raised their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Barclays decreased 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. Finally, Susquehanna lowered their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Eight 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, the stock currently has a consensus rating of "Hold" and an average price target of $46.73.

Hub Group Stock 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 firm's fifty day moving average is $38.71 and its 200 day moving average is $43.54. The company has a market cap of $2.05 billion, a PE ratio of 19.62 and a beta of 1.04.

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, hitting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.50%. Hub Group's payout ratio is 29.41%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Hub Group by 17.5% in the 3rd quarter. FMR LLC now owns 54,650 shares of the transportation company's stock valued at $2,484,000 after acquiring an additional 8,130 shares during the period. State Street Corp raised its position in Hub Group by 0.8% in the third 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 during the period. XTX Topco Ltd purchased a new position in shares of Hub Group during the third quarter worth $481,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Hub Group in the third quarter valued at $286,000. Finally, Barclays PLC raised its holdings in shares of Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after buying an additional 78,467 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

About Hub Group

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.