Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC reduced its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 8.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,265 shares of the transportation company’s stock after selling 883 shares during the period. Mutual of America Capital Management LLC’s holdings in Hub Group were worth $421,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Natixis Advisors LLC boosted its stake in Hub Group by 5.5% during the 3rd quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock valued at $908,000 after acquiring an additional 1,036 shares during the last quarter. Royce & Associates LP increased its position in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after purchasing an additional 11,615 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its position in shares of Hub Group by 44.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock worth $305,000 after purchasing an additional 2,061 shares during the last quarter. MQS Management LLC acquired a new position in Hub Group in the third quarter worth about $537,000. Finally, Entropy Technologies LP bought a new position in Hub Group during the third quarter worth $445,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Down 1.4 %

Shares of Hub Group stock opened at $51.69 on Thursday. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $53.21. The stock has a market capitalization of $3.17 billion, a P/E ratio of 29.37 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $45.82 and a two-hundred day moving average price of $44.46.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.97%. Hub Group’s dividend payout ratio is currently 28.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HUBG shares. Evercore ISI raised their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. Susquehanna dropped their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. UBS Group raised their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.83.

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.