Fmr LLC Grows Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Fmr LLC boosted its position in Hub Group, Inc. (NASDAQ:HUBG) by 17.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 54,650 shares of the transportation company’s stock after buying an additional 8,130 shares during the period. Fmr LLC’s holdings in Hub Group were worth $2,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new position in Hub Group in the second quarter worth $26,000. GAMMA Investing LLC increased its holdings in shares of Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of Hub Group in the second quarter valued at about $34,000. Innealta Capital LLC purchased a new stake in Hub Group during the second quarter worth about $70,000. Finally, Blue Trust Inc. grew its position in Hub Group by 52.1% during the second quarter. Blue Trust Inc. now owns 2,263 shares of the transportation company’s stock worth $98,000 after buying an additional 775 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HUBG shares. TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. 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. Barclays lifted their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna lowered their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Ten 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 Stock Down 1.6 %

HUBG opened at $49.12 on Friday. The firm has a market cap of $3.01 billion, a P/E ratio of 27.91 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The business has a 50 day moving average price of $47.36 and a 200 day moving average price of $45.15. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month 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, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.49 earnings per share. Hub Group’s quarterly revenue was down 3.7% on a year-over-year basis. Research analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.125 per share. The ex-dividend date is Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.02%. Hub Group’s payout ratio is presently 28.41%.

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.