Hub Group (NASDAQ:HUBG) Hits New 12-Month Low – Should You Sell?

Shares of Hub Group, Inc. (NASDAQ:HUBG – Get Free Report) reached a new 52-week low during trading on Thursday. The stock traded as low as $24.96 and last traded at $24.9910, with a volume of 344,940 shares traded. The stock had previously closed at $26.96.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HUBG. Wall Street Zen downgraded Hub Group from a “hold” rating to a “sell” rating in a report on Monday, October 5th. Weiss Ratings lowered shares of Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, September 21st. UBS Group reiterated a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Raymond James Financial reduced their price objective on shares of Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, September 17th. Finally, Wells Fargo & Company reaffirmed a “negative” rating and issued a $28.00 price objective (down from $35.00) on shares of Hub Group in a research note on Tuesday, October 6th. Six analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus price target of $40.73.

Read Our Latest Report on Hub Group

Hub Group Stock Down 3.4%

The firm has a fifty day moving average of $30.11 and a 200-day moving average of $39.52. The firm has a market cap of $1.48 billion, a P/E ratio of 14.00 and a beta of 1.22.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, September 21st were issued a $0.1250 dividend. The ex-dividend date was Monday, September 21st. This represents a $0.50 annualized dividend and a yield of 2.1%. Hub Group’s dividend payout ratio is presently 28.90%.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in shares of Hub Group by 7.1% during the second quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock valued at $326,094,000 after purchasing an additional 491,130 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Hub Group by 8.1% in the first quarter. Bank of America Corp DE now owns 810,131 shares of the transportation company’s stock worth $29,197,000 after purchasing an additional 61,025 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hub Group by 2.0% in the first quarter. Principal Financial Group Inc. now owns 294,418 shares of the transportation company’s stock worth $10,611,000 after buying an additional 5,731 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Hub Group during the 1st quarter worth approximately $8,069,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of Hub Group by 88.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock valued at $7,420,000 after acquiring an additional 96,489 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Company Profile

(Get Free Report)

Hub Group, Inc (NASDAQ:HUBG) is a transportation and logistics company that provides supply chain solutions primarily across North America. Its services are designed to help businesses move, manage and distribute freight through a combination of company-operated capabilities and third-party transportation providers.

The company’s primary business is intermodal transportation, which combines rail and truck service for the movement of freight. Hub Group also provides truck brokerage, dedicated transportation, logistics and supply chain management, warehousing and distribution, and final-mile delivery services.

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