GAMMA Investing LLC Increases Stake in Hub Group, Inc. (NASDAQ:HUBG)

GAMMA Investing LLC boosted its position in Hub Group, Inc. (NASDAQ:HUBG) by 65.0% during the third quarter, HoldingsChannel reports. The fund owned 711 shares of the transportation company’s stock after buying an additional 280 shares during the quarter. GAMMA Investing LLC’s holdings in Hub Group were worth $32,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in shares of Hub Group in the second quarter valued at approximately $26,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Hub Group by 81.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares during the period. Point72 Hong Kong Ltd purchased a new stake in shares of Hub Group during the second quarter worth $34,000. Fidelis Capital Partners LLC bought a new position in shares of Hub Group in the first quarter worth $38,000. Finally, EntryPoint Capital LLC purchased a new position in shares of Hub Group in the first quarter valued at $52,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Up 0.1 %

Shares of NASDAQ:HUBG opened at $44.27 on Friday. The firm has a fifty day moving average of $44.25 and a 200 day moving average of $43.33. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The firm has a market capitalization of $2.76 billion, a PE ratio of 21.08 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 (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.72 EPS. As a group, research analysts anticipate that Hub Group, Inc. will post 1.92 EPS for the current fiscal year.

Hub Group Announces Dividend

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

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of recent research reports. UBS Group increased their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. 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 upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Susquehanna raised their price target on shares of Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. Finally, TD Cowen cut shares of Hub Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hub Group has a consensus rating of “Hold” and an average target price of $45.29.

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.