Hub Group, Inc. (NASDAQ:HUBG) Holdings Trimmed by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 7.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,271 shares of the transportation company’s stock after selling 1,330 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hub Group were worth $740,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Select Equity Group L.P. boosted its holdings in shares of Hub Group by 19.4% in 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 buying an additional 298,390 shares during the period. Point72 Asset Management L.P. acquired a new position in Hub Group in the 2nd quarter worth approximately $4,680,000. Principal Financial Group Inc. grew its position in Hub Group by 14.3% during the 3rd 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 in the last quarter. American Century Companies Inc. raised its stake in Hub Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after purchasing an additional 76,431 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in Hub Group during the 2nd quarter valued at $1,870,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Barclays increased 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. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. TD Cowen boosted their price target 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. Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Finally, Susquehanna reduced their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and a consensus target price of $46.83.

Hub Group Stock Down 0.2 %

HUBG opened at $49.93 on Friday. Hub Group, Inc. has a fifty-two week low of $38.07 and a fifty-two week high of $53.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The company’s 50-day moving average is $47.23 and its 200 day moving average is $45.10. The firm has a market capitalization of $3.06 billion, a P/E ratio of 28.37 and a beta of 0.92.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data 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 analyst estimates of $1.06 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Research analysts expect that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared 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. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, December 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.