Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC increased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 3,711.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,514 shares of the transportation company's stock after buying an additional 19,002 shares during the quarter. GAMMA Investing LLC's holdings in Hub Group were worth $7,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in HUBG. Nomura Asset Management Co. Ltd. grew its stake in shares of Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after acquiring an additional 310 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after purchasing an additional 1,142 shares in the last quarter. Sterling Capital Management LLC grew its position in Hub Group by 803.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock worth $84,000 after purchasing an additional 1,679 shares during the last quarter. Headlands Technologies LLC acquired a new position in Hub Group during the 4th quarter valued at approximately $138,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Hub Group in the fourth quarter worth $206,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBG has been the topic of several research reports. TD Cowen cut their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Benchmark decreased their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Susquehanna cut their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Barclays reduced their price target on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $43.68.

Hub Group Price Performance

NASDAQ HUBG traded up $0.08 on Thursday, hitting $33.56. The company had a trading volume of 418,648 shares, compared to its average volume of 540,842. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The company has a market capitalization of $2.06 billion, a PE ratio of 19.74 and a beta of 1.15. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21. The company's fifty day moving average price is $33.41 and its 200-day moving average price is $39.98.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Hub Group's quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.44 EPS. As a group, analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.49%. Hub Group's payout ratio is currently 29.41%.

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.