Hub Group (NASDAQ:HUBG) Reaches New 12-Month Low on Analyst Downgrade

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report)'s stock price hit a new 52-week low 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 traded. The stock had previously closed at $38.01.

A number of other research analysts have also weighed in on the company. Susquehanna dropped their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Benchmark raised their price target 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. Finally, Stifel Nicolaus upped their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Hub Group currently has a consensus rating of "Hold" and an average target price of $46.73.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Dana Investment Advisors Inc. increased its position in shares of Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after acquiring an additional 252 shares during the period. Nisa Investment Advisors LLC increased its holdings in Hub Group by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock worth $1,405,000 after purchasing an additional 260 shares during the period. Summit Investment Advisors Inc. raised its position in Hub Group by 4.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after purchasing an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Hub Group by 48.4% in 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 period. Finally, Highland Capital Management LLC grew its position in shares of Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock worth $242,000 after buying an additional 338 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

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Hub Group Stock Performance

The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The firm has a 50 day moving average price of $40.03 and a 200 day moving average price of $44.03. The stock has a market cap of $1.96 billion, a PE ratio of 18.76 and a beta of 1.04.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results 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%. As a group, research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Tuesday, March 18th. Hub Group's payout ratio is currently 29.41%.

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.