Hub Group, Inc. (NASDAQ:HUBG) Shares Purchased by Royce & Associates LP

Royce & Associates LP increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 640,093 shares of the transportation company’s stock after buying an additional 11,615 shares during the quarter. Royce & Associates LP’s holdings in Hub Group were worth $29,092,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in HUBG. Oppenheimer Asset Management Inc. lifted its holdings in Hub Group by 44.4% during the third quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 2,061 shares in the last quarter. MQS Management LLC purchased a new position in shares of Hub Group in the third quarter worth about $537,000. Entropy Technologies LP purchased a new position in shares of Hub Group in the third quarter worth about $445,000. State of New Jersey Common Pension Fund D lifted its stake in shares of Hub Group by 4.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company’s stock worth $2,051,000 after buying an additional 1,996 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Hub Group in the third quarter worth about $204,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

Shares of HUBG opened at $49.66 on Friday. Hub Group, Inc. has a 1-year low of $36.88 and a 1-year high of $50.83. The stock has a market cap of $3.05 billion, a PE ratio of 28.22 and a beta of 0.89. The firm has a 50-day simple moving average of $44.90 and a two-hundred day simple moving average of $44.02. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm 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%. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. As a group, analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors 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 1.01%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HUBG shares. Evercore ISI raised their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna cut their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Stifel Nicolaus cut their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average target price of $46.83.

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.