Crossmark Global Holdings Inc. Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

Crossmark Global Holdings Inc. acquired a new position in Hub Group, Inc. (NASDAQ:HUBG) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 4,488 shares of the transportation company’s stock, valued at approximately $204,000.

Several other large investors have also recently added to or reduced their stakes in the business. Family Firm Inc. bought a new position in shares of Hub Group in the second quarter worth $26,000. GAMMA Investing LLC increased its stake in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after buying an additional 280 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Hub Group during the 2nd quarter worth about $34,000. EntryPoint Capital LLC bought a new stake in shares of Hub Group during the 1st quarter worth about $52,000. Finally, Covestor Ltd lifted its stake in shares of Hub Group by 37.4% in the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after acquiring 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

HUBG has been the topic of a number of research analyst reports. Susquehanna lowered their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. UBS Group lifted their price target 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. upped their price objective on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of Hub Group in a research note on Friday, November 1st. Finally, Barclays boosted their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Stock Performance

Shares of HUBG opened at $50.03 on Tuesday. The company has a 50-day moving average of $45.03 and a two-hundred day moving average of $44.13. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of 28.43 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. Hub Group, Inc. has a one year low of $36.88 and a one year high of $50.83.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted $0.49 EPS. The company’s revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, September 6th. 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.