ProShare Advisors LLC Sells 3,008 Shares of Hub Group, Inc. (NASDAQ:HUBG)

ProShare Advisors LLC trimmed its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 23.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,659 shares of the transportation company’s stock after selling 3,008 shares during the period. ProShare Advisors LLC’s holdings in Hub Group were worth $416,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of HUBG. Family Firm Inc. acquired a new stake in Hub Group in the second quarter worth $26,000. Silicon Valley Capital Partners grew its stake in shares of Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after buying an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after buying an additional 334 shares during the period. Fidelis Capital Partners LLC bought a new stake in Hub Group in the 1st quarter valued at about $38,000. Finally, Versant Capital Management Inc boosted its holdings in Hub Group by 109.2% in the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock worth $47,000 after acquiring an additional 572 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Susquehanna boosted their price objective on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Evercore ISI restated an “in-line” rating and set a $44.00 price objective on shares of Hub Group in a report on Tuesday, June 25th. TD Cowen cut shares of Hub Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $50.00 to $43.00 in a report on Thursday, July 18th. UBS Group upped their target price 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. Finally, JPMorgan Chase & Co. lifted their price target on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.65.

Hub Group Stock Down 2.5 %

Hub Group stock opened at $44.33 on Wednesday. The firm has a 50 day moving average price of $44.52 and a 200-day moving average price of $43.21. 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, Inc. has a twelve month low of $31.73 and a twelve month high of $48.39. The company has a market capitalization of $2.76 billion, a P/E ratio of 21.11 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates 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 quarter in the prior year, the firm earned $0.72 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. As a group, equities analysts predict that Hub Group, Inc. will post 1.93 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 23.81%.

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.