Amalgamated Bank Reduces Position in Hub Group, Inc. (NASDAQ:HUBG)

Amalgamated Bank lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 4.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,103 shares of the transportation company’s stock after selling 802 shares during the quarter. Amalgamated Bank’s holdings in Hub Group were worth $823,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Hub Group by 65.0% in 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. Arizona State Retirement System boosted its position in shares of Hub Group by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after acquiring an additional 282 shares during the last quarter. Inspire Advisors LLC grew its holdings in shares of Hub Group by 1.7% during the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after purchasing an additional 284 shares in the last quarter. Highland Capital Management LLC grew its stake in Hub Group by 9.4% in the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after buying an additional 437 shares in the last quarter. Finally, Covestor Ltd increased its holdings in shares of Hub Group by 37.4% in the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after buying an additional 438 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HUBG shares. JPMorgan Chase & Co. lifted 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. UBS Group raised their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Barclays boosted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.83.

Hub Group Price Performance

Shares of HUBG stock opened at $49.88 on Friday. The business’s fifty day moving average is $44.80 and its 200 day moving average is $43.96. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 28.34 and a beta of 0.89. Hub Group, Inc. has a twelve month low of $36.88 and a twelve month high of $50.62.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Hub Group’s revenue was down 3.7% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. Research analysts expect that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid 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 1.00%. Hub Group’s dividend payout ratio is currently 28.41%.

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.