Fisher Asset Management LLC Cuts Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC reduced its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 718,792 shares of the transportation company’s stock after selling 92,537 shares during the quarter. Fisher Asset Management LLC owned 1.13% of Hub Group worth $66,086,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Anchor Investment Management LLC acquired a new position in Hub Group during the fourth quarter worth $37,000. Parkside Financial Bank & Trust boosted its holdings in Hub Group by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after buying an additional 145 shares during the last quarter. Quest Partners LLC purchased a new stake in Hub Group during the 4th quarter worth approximately $201,000. Aigen Investment Management LP acquired a new position in shares of Hub Group during the third quarter valued at approximately $203,000. Finally, Vestmark Advisory Solutions Inc. purchased a new position in shares of Hub Group in the fourth quarter valued at approximately $238,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBG has been the subject of several research reports. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. BMO Capital Markets reduced their target price on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Susquehanna lowered their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. Benchmark reiterated a “buy” rating and issued a $49.00 price objective on shares of Hub Group in a report on Friday, April 26th. Finally, Evercore ISI decreased their target price on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $46.54.

Hub Group Trading Down 0.9 %

Shares of HUBG stock opened at $42.06 on Monday. The company has a 50-day moving average of $42.14 and a two-hundred day moving average of $43.01. The firm has a market cap of $2.62 billion, a PE ratio of 19.98 and a beta of 0.90. Hub Group, Inc. has a 1-year low of $31.73 and a 1-year high of $47.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 earnings per share. On average, analysts predict that Hub Group, Inc. will post 2.02 EPS for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, June 7th. This represents a $0.50 annualized dividend and a yield of 1.19%. Hub Group’s dividend payout ratio (DPR) is 23.75%.

Hub Group Profile

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.