Hub Group, Inc. (NASDAQ:HUBG) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Hub Group, Inc. (NASDAQ:HUBG) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 663,516 shares of the transportation company’s stock after acquiring an additional 23,470 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.08% of Hub Group worth $30,157,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. acquired a new stake in Hub Group during the second quarter worth approximately $26,000. GAMMA Investing LLC raised its holdings in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Hub Group during the second quarter worth approximately $34,000. Innealta Capital LLC acquired a new stake in Hub Group during the second quarter worth approximately $70,000. Finally, Gladius Capital Management LP acquired a new stake in Hub Group during the second quarter worth approximately $94,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HUBG shares. TD Cowen lifted their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of Hub Group in a report on Friday, November 1st. Evercore ISI lifted their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Barclays lifted their target price on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Susquehanna cut their target price on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Stock Performance

NASDAQ:HUBG opened at $51.16 on Thursday. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 29.24 and a beta of 0.92. Hub Group, Inc. has a 1-year low of $38.07 and a 1-year high of $53.21. The firm’s fifty day moving average price is $46.42 and its 200 day moving average price is $44.75. 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 (NASDAQ:HUBG) last issued its earnings results 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 company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, sell-side analysts expect that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.98%. Hub Group’s payout ratio is currently 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.