Entropy Technologies LP bought a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 19,899 shares of the transportation company's stock, valued at approximately $740,000.
A number of other institutional investors have also bought and sold shares of the business. Farther Finance Advisors LLC grew its holdings in shares of Hub Group by 440.3% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after purchasing an additional 700 shares during the period. TD Private Client Wealth LLC boosted its position in Hub Group by 89.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after buying an additional 850 shares during the period. Sterling Capital Management LLC raised its position in Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after purchasing an additional 1,679 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Hub Group by 40.5% during the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock worth $92,000 after buying an additional 714 shares during the period. Finally, KBC Group NV lifted its position in shares of Hub Group by 43.3% during the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock worth $137,000 after purchasing an additional 1,113 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
HUBG has been the subject of several research analyst reports. Robert W. Baird lowered their target price on shares of Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a report on Monday, August 4th. JPMorgan Chase & Co. reduced their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Benchmark lowered their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. Stifel Nicolaus reduced their price objective on Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Barclays dropped their target price on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $40.35.
View Our Latest Research Report on HUBG
Hub Group Price Performance
Shares of HUBG stock traded down $0.44 during midday trading on Friday, reaching $35.49. 331,108 shares of the company traded hands, compared to its average volume of 585,426. The firm's 50 day simple moving average is $34.57 and its two-hundred day simple moving average is $36.09. The firm has a market cap of $2.17 billion, a PE ratio of 21.51, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21.
Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $905.65 million for the quarter, compared to analysts' expectations of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The firm's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. On average, equities research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.
Hub Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Hub Group's payout ratio is presently 30.30%.
Hub Group Profile
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Free Report)
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.
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