Select Equity Group L.P. Buys 298,390 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Select Equity Group L.P. lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 19.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,836,354 shares of the transportation company’s stock after purchasing an additional 298,390 shares during the period. Select Equity Group L.P. owned 2.95% of Hub Group worth $79,055,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of HUBG. Family Firm Inc. purchased a new stake in Hub Group in the second quarter worth $26,000. Silicon Valley Capital Partners grew its stake in shares of Hub Group by 100.6% during the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after acquiring an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after acquiring an additional 334 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in Hub Group in the 2nd quarter valued at about $34,000. Finally, Fidelis Capital Partners LLC bought a new stake in Hub Group in the 1st quarter valued at about $38,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $44.89 on Friday. The stock’s 50-day simple moving average is $44.51 and its two-hundred day simple moving average is $43.13. Hub Group, Inc. has a twelve month low of $31.73 and a twelve month high of $48.39. The firm has a market capitalization of $2.80 billion, a P/E ratio of 21.38 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13.

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

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.11%. Hub Group’s dividend payout ratio is presently 23.81%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. UBS Group boosted 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. Susquehanna raised their price target on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, Stifel Nicolaus decreased their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $45.65.

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.