Hub Group, Inc. (NASDAQ:HUBG) Stake Decreased by AlphaQuest LLC

AlphaQuest LLC trimmed its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 23.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,282 shares of the transportation company’s stock after selling 1,648 shares during the quarter. AlphaQuest LLC’s holdings in Hub Group were worth $235,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. bought a new position in shares of Hub Group in the third quarter worth $204,000. State of New Jersey Common Pension Fund D grew its position in Hub Group by 4.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company’s stock valued at $2,051,000 after buying an additional 1,996 shares in the last quarter. Entropy Technologies LP bought a new stake in shares of Hub Group during the 3rd quarter worth about $445,000. Oppenheimer Asset Management Inc. raised its position in shares of Hub Group by 44.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock worth $305,000 after buying an additional 2,061 shares in the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after acquiring an additional 11,615 shares during the period. 46.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HUBG shares. Barclays cut their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Benchmark upped their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 target price on the stock. Stifel Nicolaus raised their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a report on Friday, January 3rd. Eight investment 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 company has a consensus rating of “Hold” and an average price target of $47.82.

Hub Group Stock Up 1.5 %

NASDAQ:HUBG opened at $37.08 on Friday. The business’s fifty day moving average price is $42.62 and its 200 day moving average price is $44.99. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.81 and a beta of 0.93. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a 1-year low of $36.34 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, sell-side analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s dividend payout ratio is currently 29.41%.

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.