Highland Capital Management LLC Acquires 437 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Highland Capital Management LLC increased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 9.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,086 shares of the transportation company’s stock after acquiring an additional 437 shares during the period. Highland Capital Management LLC’s holdings in Hub Group were worth $231,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Family Firm Inc. bought a new stake in Hub Group during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC grew its holdings in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Hub Group in the 2nd quarter valued at $34,000. Fidelis Capital Partners LLC bought a new position in Hub Group during the 1st quarter valued at $38,000. Finally, EntryPoint Capital LLC bought a new position in Hub Group during the 1st quarter valued at $52,000. Institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the subject of several analyst reports. UBS Group increased their target price on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus dropped their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. TD Cowen lowered Hub Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $50.00 to $43.00 in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price target on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Evercore ISI upped their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $46.00.

Hub Group Trading Up 0.7 %

Shares of HUBG opened at $43.35 on Monday. Hub Group, Inc. has a fifty-two week low of $31.73 and a fifty-two week high of $48.39. The business has a 50-day moving average of $44.29 and a 200 day moving average of $43.38. The firm has a market cap of $2.70 billion, a P/E ratio of 23.37 and a beta of 0.88. 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 (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 earnings per share. As a group, research analysts forecast that Hub Group, Inc. will post 1.92 EPS for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, September 6th. Hub Group’s payout ratio is currently 26.95%.

Hub Group 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.