Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by US Bancorp DE

US Bancorp DE cut its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 7.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,625 shares of the transportation company’s stock after selling 1,601 shares during the period. US Bancorp DE’s holdings in Hub Group were worth $847,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC boosted its stake in shares of Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the period. Arizona State Retirement System boosted its stake in shares of Hub Group by 1.6% in the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after purchasing an additional 282 shares during the period. Inspire Advisors LLC boosted its stake in shares of Hub Group by 1.7% in the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after purchasing an additional 284 shares during the period. Highland Capital Management LLC boosted its stake in shares of Hub Group by 9.4% in the third quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock valued at $231,000 after purchasing an additional 437 shares during the period. Finally, Covestor Ltd boosted its stake in shares of Hub Group by 37.4% in the first quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 438 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on HUBG. Evercore ISI raised their price objective 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. Stifel Nicolaus decreased their price target on shares of 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. lifted their price target on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. UBS Group lifted their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus target price of $46.00.

Hub Group Stock Up 1.8 %

Shares of NASDAQ:HUBG opened at $48.37 on Friday. The company has a market capitalization of $2.97 billion, a PE ratio of 27.48 and a beta of 0.89. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a twelve month low of $34.51 and a twelve month high of $49.26. The firm has a 50 day simple moving average of $44.50 and a 200-day simple moving average of $43.71.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 EPS. On average, equities analysts predict that Hub Group, Inc. will post 1.91 EPS for the current fiscal 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 issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.03%. Hub Group’s payout ratio is 28.41%.

About Hub Group

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.