Hub Group (NASDAQ:HUBG) Trading Down 8.9% – What’s Next?

Hub Group, Inc. (NASDAQ:HUBGGet Free Report) was down 8.9% on Tuesday . The company traded as low as $37.81 and last traded at $38.1140. Approximately 255,972 shares were traded during trading, a decline of 69% from the average daily volume of 833,086 shares. The stock had previously closed at $41.86.

Analysts Set New Price Targets

HUBG has been the subject of a number of recent research reports. Robert W. Baird set a $29.00 target price on Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $42.00 to $50.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Barclays restated an “overweight” rating and set a $48.00 price objective (up from $38.00) on shares of Hub Group in a research report on Thursday, January 15th. TD Cowen reaffirmed a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $48.00 target price on shares of Hub Group in a report on Wednesday, April 15th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell 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 $43.71.

Get Our Latest Stock Analysis on Hub Group

Hub Group Trading Down 12.4%

The company has a market cap of $2.24 billion, a PE ratio of 21.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.26. The company’s 50 day simple moving average is $39.30 and its two-hundred day simple moving average is $40.88. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, March 13th. Hub Group’s dividend payout ratio is 28.90%.

Institutional Investors Weigh In On Hub Group

A number of institutional investors have recently modified their holdings of HUBG. Northwestern Mutual Wealth Management Co. lifted its stake in Hub Group by 265.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after acquiring an additional 468 shares in the last quarter. Torren Management LLC acquired a new stake in shares of Hub Group during the fourth quarter worth about $31,000. Frazier Financial Advisors LLC purchased a new position in shares of Hub Group in the third quarter valued at approximately $35,000. Quarry LP boosted its stake in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

About Hub Group

(Get Free Report)

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.

Further Reading

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