Quest Partners LLC Sells 32,735 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Quest Partners LLC lessened its stake in Hub Group, Inc. (NASDAQ:HUBG) by 82.5% in the third quarter, HoldingsChannel reports. The fund owned 6,930 shares of the transportation company’s stock after selling 32,735 shares during the period. Quest Partners LLC’s holdings in Hub Group were worth $315,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake 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 acquiring an additional 280 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Hub Group by 1.6% in 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 lifted its stake in shares of Hub Group by 1.7% in the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after acquiring an additional 284 shares during the last quarter. Highland Capital Management LLC lifted its stake in shares of Hub Group by 9.4% in the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock valued at $231,000 after acquiring an additional 437 shares during the last quarter. Finally, Aristides Capital LLC lifted its stake in shares of Hub Group by 9.2% in the 2nd quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 506 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 4.3 %

HUBG stock opened at $53.20 on Tuesday. Hub Group, Inc. has a fifty-two week low of $36.88 and a fifty-two week high of $53.21. The business’s 50 day moving average price is $45.68 and its two-hundred day moving average price is $44.40. 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 company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 30.23 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 EPS. As a group, analysts forecast that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.94%. Hub Group’s payout ratio is currently 28.41%.

Analysts Set New Price Targets

HUBG has been the subject of a number of recent research reports. TD Cowen boosted their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Susquehanna lowered their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays upped their price target on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Finally, UBS Group upped their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.83.

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.