Hub Group (NASDAQ:HUBG) Reaches New 12-Month Low – Time to Sell?

Hub Group, Inc. (NASDAQ:HUBG)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as $31.23 and last traded at $31.6110, with a volume of 49286 shares trading hands. The stock had previously closed at $32.06.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HUBG. Wall Street Zen cut shares of Hub Group from a “hold” rating to a “sell” rating in a report on Saturday. Raymond James Financial cut their target price on Hub Group from $48.00 to $40.00 and set an “outperform” rating for the company in a research note on Thursday, September 17th. UBS Group reissued a “neutral” rating on shares of Hub Group in a report on Tuesday, September 15th. Weiss Ratings downgraded Hub Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. Finally, Wells Fargo & Company set a $35.00 price objective on Hub Group in a research report on Monday, September 14th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.69.

Hub Group Stock Down 0.7%

The company has a market capitalization of $1.95 billion, a PE ratio of 18.40, a PEG ratio of 1.09 and a beta of 1.19. The stock’s fifty day simple moving average is $41.54 and its 200-day simple moving average is $41.28.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a $0.125 dividend. The ex-dividend date is Monday, September 21st. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.6%. Hub Group’s dividend payout ratio is currently 28.90%.

Hedge Funds Weigh In On Hub Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new position in Hub Group during the second quarter worth about $25,000. State of Wyoming acquired a new position in shares of Hub Group during the 1st quarter worth approximately $52,000. Versant Capital Management Inc lifted its stake in Hub Group by 10.6% in the 2nd quarter. Versant Capital Management Inc now owns 2,588 shares of the transportation company’s stock valued at $113,000 after buying an additional 248 shares in the last quarter. MidFirst Bank acquired a new stake in Hub Group during the 4th quarter valued at $153,000. Finally, Headlands Technologies LLC purchased a new position in Hub Group during the second quarter worth $205,000. 46.77% of the stock is owned by institutional investors and hedge funds.

About Hub Group

Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.

The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.