Sei Investments Co. Acquires 12,380 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Sei Investments Co. increased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 44.1% in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 40,465 shares of the transportation company’s stock after buying an additional 12,380 shares during the quarter. Sei Investments Co. owned about 0.06% of Hub Group worth $1,742,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Hsbc Holdings PLC grew its stake in shares of Hub Group by 5.6% during the 4th quarter. Hsbc Holdings PLC now owns 13,696 shares of the transportation company’s stock valued at $1,264,000 after purchasing an additional 725 shares during the period. CIBC Asset Management Inc bought a new stake in shares of Hub Group during the 4th quarter valued at about $304,000. Quadrature Capital Ltd grew its stake in shares of Hub Group by 124.2% during the 4th quarter. Quadrature Capital Ltd now owns 14,043 shares of the transportation company’s stock valued at $1,292,000 after purchasing an additional 7,778 shares during the period. Mairs & Power Inc. grew its stake in shares of Hub Group by 30.7% during the 4th quarter. Mairs & Power Inc. now owns 129,052 shares of the transportation company’s stock valued at $11,865,000 after purchasing an additional 30,327 shares during the period. Finally, Adirondack Trust Co. grew its stake in shares of Hub Group by 100.0% during the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 500 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBG has been the subject of a number of recent research reports. Susquehanna boosted their price target on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Stifel Nicolaus cut 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. UBS Group lifted their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. lifted their price objective on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, TD Cowen cut Hub Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Hub Group has an average rating of “Hold” and an average price target of $45.29.

Hub Group Stock Down 1.0 %

NASDAQ HUBG opened at $42.40 on Friday. The stock’s 50 day moving average is $44.38 and its 200 day moving average is $43.22. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group, Inc. has a 12 month low of $31.73 and a 12 month high of $48.39. The stock has a market cap of $2.64 billion, a PE ratio of 20.19 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.72 EPS. The firm’s revenue was down 5.2% compared to the same quarter last year. Research analysts predict that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.18%. Hub Group’s dividend payout ratio (DPR) is 23.81%.

Hub Group Company 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.