AQR Capital Management LLC Has $2.47 Million Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

AQR Capital Management LLC raised its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 145.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,368 shares of the transportation company’s stock after buying an additional 33,952 shares during the quarter. AQR Capital Management LLC owned about 0.09% of Hub Group worth $2,470,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. grew its position in Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after buying an additional 3,427,047 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Hub Group by 0.4% during the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock valued at $101,450,000 after purchasing an additional 8,700 shares during the period. American Century Companies Inc. increased its position in shares of 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 valued at $56,919,000 after purchasing an additional 76,431 shares during the period. William Blair Investment Management LLC raised its stake in shares of Hub Group by 99.5% in the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after purchasing an additional 419,873 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in Hub Group by 109.6% in the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock worth $30,360,000 after purchasing an additional 367,345 shares during the period. 46.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased 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 lowered shares of Hub Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. UBS Group lifted their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research note on Tuesday, September 17th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.29.

Hub Group Price Performance

Shares of HUBG stock opened at $42.52 on Wednesday. The stock’s fifty day moving average is $44.24 and its 200-day moving average is $43.26. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Hub Group, Inc. has a 52 week low of $31.73 and a 52 week high of $48.39. The stock has a market capitalization of $2.65 billion, a PE ratio of 20.25 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The firm had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company posted $0.72 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts expect that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.18%. Hub Group’s payout ratio is 23.81%.

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.