Oppenheimer Asset Management Inc. Grows Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Oppenheimer Asset Management Inc. lifted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 44.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,708 shares of the transportation company’s stock after acquiring an additional 2,061 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hub Group were worth $305,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HUBG. SG Americas Securities LLC bought a new position in Hub Group during the first quarter worth about $244,000. Sei Investments Co. raised its holdings in Hub Group by 102.9% during the 1st quarter. Sei Investments Co. now owns 28,085 shares of the transportation company’s stock valued at $1,214,000 after acquiring an additional 14,241 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Hub Group by 73.6% during the first quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company’s stock worth $1,139,000 after acquiring an additional 11,171 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Hub Group by 39.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,956 shares of the transportation company’s stock worth $560,000 after acquiring an additional 3,670 shares during the period. Finally, Blair William & Co. IL grew its position in shares of Hub Group by 100.2% in the first quarter. Blair William & Co. IL now owns 16,897 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 8,457 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the subject of several analyst reports. JPMorgan Chase & Co. raised their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Evercore ISI boosted 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. TD Cowen increased their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Finally, Barclays increased their price objective on 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 issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $46.83.

Hub Group Price Performance

Shares of Hub Group stock opened at $50.25 on Thursday. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 28.55 and a beta of 0.89. The company has a fifty day moving average of $45.27 and a 200-day moving average of $44.22. Hub Group, Inc. has a 52-week low of $36.88 and a 52-week high of $50.83. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

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

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, September 6th. Hub Group’s payout ratio is 28.41%.

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.