Thrivent Financial for Lutherans Decreases Stake in Hub Group, Inc. (NASDAQ:HUBG)

Thrivent Financial for Lutherans cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 5.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,371 shares of the transportation company’s stock after selling 2,883 shares during the quarter. Thrivent Financial for Lutherans owned 0.08% of Hub Group worth $2,198,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Pacer Advisors Inc. boosted its stake in shares of Hub Group by 0.4% in the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock valued at $101,450,000 after buying an additional 8,700 shares in the last quarter. Select Equity Group L.P. raised its holdings in Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after purchasing an additional 298,390 shares during the last quarter. American Century Companies Inc. raised its holdings in Hub Group by 6.1% during the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after purchasing an additional 76,431 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Finally, Royce & Associates LP raised its holdings in Hub Group by 1.8% during the third 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. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their price target on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna cut their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Barclays boosted their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Finally, 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 report on Tuesday, August 6th. 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 stock has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Price Performance

HUBG stock opened at $51.69 on Thursday. 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, Inc. has a 12-month low of $36.88 and a 12-month high of $53.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.17 billion, a PE ratio of 29.37 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping 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 company had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business earned $0.49 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. As a group, research analysts predict that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

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

Hub Group 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.