ProShare Advisors LLC Trims Position in Hub Group, Inc. (NASDAQ:HUBG)

ProShare Advisors LLC trimmed its position in Hub Group, Inc. (NASDAQ:HUBG) by 23.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,659 shares of the transportation company’s stock after selling 3,008 shares during the quarter. ProShare Advisors LLC’s holdings in Hub Group were worth $416,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares in the last quarter. William Blair Investment Management LLC boosted its stake in Hub Group by 99.5% during 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 buying an additional 419,873 shares during the period. Principal Financial Group Inc. grew its position in Hub Group by 109.6% during the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock worth $30,360,000 after buying an additional 367,345 shares in the last quarter. LSV Asset Management increased its stake in Hub Group by 88.0% in the 1st quarter. LSV Asset Management now owns 626,226 shares of the transportation company’s stock worth $27,065,000 after acquiring an additional 293,094 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Hub Group in the 1st quarter valued at about $5,843,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

HUBG stock opened at $44.33 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm’s 50-day moving average price is $44.52 and its two-hundred day moving average price is $43.21. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.11 and a beta of 0.89. Hub Group, Inc. has a 12-month low of $31.73 and a 12-month high of $48.39.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.72 EPS. Hub Group’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts predict that Hub Group, Inc. will post 1.93 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Friday, September 6th. Hub Group’s payout ratio is currently 23.81%.

Analyst Ratings Changes

Several research analysts recently weighed in on HUBG shares. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research report on Tuesday, September 17th. Evercore ISI reissued an “in-line” rating and issued a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. UBS Group increased their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. TD Cowen lowered Hub Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $45.65.

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.