Verdence Capital Advisors LLC raised its stake in Hub Group, Inc. (NASDAQ:HUBG – Free Report) by 13.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,598 shares of the transportation company’s stock after purchasing an additional 761 shares during the period. Verdence Capital Advisors LLC’s holdings in Hub Group were worth $300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after buying an additional 3,427,047 shares during the last quarter. Select Equity Group L.P. increased its position in shares of Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after purchasing an additional 298,390 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Hub Group during the first quarter worth $5,843,000. Point72 Asset Management L.P. acquired a new stake in shares of Hub Group in the 2nd quarter worth $4,680,000. Finally, Principal Financial Group Inc. boosted its position in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research firms have commented on HUBG. Stifel Nicolaus decreased their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. JPMorgan Chase & Co. increased their price objective on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Susquehanna decreased their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.00.
Read Our Latest Stock Analysis on HUBG
Hub Group Stock Down 1.3 %
Shares of HUBG opened at $49.30 on Wednesday. The stock’s 50-day moving average price is $44.62 and its 200-day moving average price is $43.87. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 28.01 and a beta of 0.89. Hub Group, Inc. has a 52 week low of $35.28 and a 52 week high of $50.20.
Hub Group (NASDAQ:HUBG – Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts predict that Hub Group, Inc. will post 1.91 EPS for the current year.
Hub Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.
Hub Group Company Profile
(Free Report)
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.
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