Oppenheimer Asset Management Inc. Makes New Investment in Hub Group, Inc. (NASDAQ:HUBG)

Oppenheimer Asset Management Inc. acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,647 shares of the transportation company’s stock, valued at approximately $200,000.

Other hedge funds have also recently bought and sold shares of the company. Illinois Municipal Retirement Fund boosted its holdings in Hub Group by 105.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after acquiring an additional 18,023 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Hub Group by 111.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after acquiring an additional 22,542 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Hub Group in the 1st quarter worth about $567,000. Seven Eight Capital LP boosted its holdings in shares of Hub Group by 509.7% in the 1st quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock worth $1,104,000 after buying an additional 21,356 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in shares of Hub Group by 102.0% in the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after buying an additional 52,986 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Down 2.2 %

Shares of HUBG opened at $45.66 on Monday. The business’s 50-day moving average price is $44.53 and its 200-day moving average price is $43.06. Hub Group, Inc. has a twelve month low of $31.73 and a twelve month high of $48.39. The stock has a market cap of $2.85 billion, a PE ratio of 21.74 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the business posted $0.72 earnings per share. The company’s revenue was down 5.2% on a year-over-year basis. On average, equities analysts forecast that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend is Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus cut their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Evercore ISI reissued an “in-line” rating and issued a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. UBS Group boosted their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Susquehanna cut their price target on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hub Group has an average rating of “Hold” and a consensus price target of $45.19.

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.