Segall Bryant & Hamill LLC Has $16.67 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Segall Bryant & Hamill LLC grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 4.0% in the third quarter, HoldingsChannel.com reports. The fund owned 366,736 shares of the transportation company’s stock after acquiring an additional 13,976 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Hub Group were worth $16,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of Hub Group in the 1st quarter valued at $244,000. Sei Investments Co. grew its holdings in Hub Group by 102.9% in the first quarter. Sei Investments Co. now owns 28,085 shares of the transportation company’s stock worth $1,214,000 after purchasing an additional 14,241 shares during the period. Russell Investments Group Ltd. increased its stake in Hub Group by 73.6% in the first quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company’s stock valued at $1,139,000 after purchasing an additional 11,171 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in Hub Group by 39.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 12,956 shares of the transportation company’s stock valued at $560,000 after purchasing an additional 3,670 shares in the last quarter. Finally, Blair William & Co. IL raised its holdings in shares of Hub Group by 100.2% during the first quarter. Blair William & Co. IL now owns 16,897 shares of the transportation company’s stock valued at $730,000 after purchasing an additional 8,457 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on HUBG shares. Barclays boosted their target price 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. TD Cowen boosted their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Finally, Susquehanna dropped their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Trading Up 0.5 %

Shares of HUBG stock opened at $50.25 on Thursday. 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 $3.08 billion, a price-to-earnings ratio of 28.55 and a beta of 0.89. Hub Group, Inc. has a 52-week low of $36.88 and a 52-week high of $50.83. The company has a 50-day simple moving average of $45.27 and a two-hundred day simple moving average of $44.22.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data 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. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. Research analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.00%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is 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.