Citigroup Inc. Has $5.32 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Citigroup Inc. increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 54.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 117,083 shares of the transportation company’s stock after buying an additional 41,046 shares during the period. Citigroup Inc. owned 0.19% of Hub Group worth $5,321,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Family Firm Inc. acquired a new position in shares of Hub Group during the second quarter worth approximately $26,000. GAMMA Investing LLC increased its position in Hub Group by 65.0% in 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 during the period. Point72 Hong Kong Ltd bought a new stake in shares of Hub Group during the 2nd quarter valued at $34,000. Innealta Capital LLC bought a new position in Hub Group during the 2nd quarter worth approximately $70,000. Finally, Gladius Capital Management LP acquired a new position in Hub Group in the second quarter valued at about $94,000. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $51.64 on Monday. 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 stock has a market cap of $3.17 billion, a PE ratio of 29.34 and a beta of 0.89. The stock’s fifty day simple moving average is $46.17 and its two-hundred day simple moving average is $44.62. Hub Group, Inc. has a 1-year low of $37.35 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 EPS. As a group, analysts forecast that Hub Group, Inc. will post 1.91 EPS 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 issued a $0.125 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.97%. Hub Group’s payout ratio is currently 28.41%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on HUBG shares. Susquehanna dropped their target price on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. TD Cowen lifted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus dropped their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Evercore ISI boosted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Ten equities research 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 company currently has an average rating of “Hold” and an average target price of $46.83.

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.