GAMMA Investing LLC Has $7.25 Million Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

GAMMA Investing LLC increased its stake 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 & Exchange Commission. The institutional investor owned 19,514 shares of the transportation company's stock after buying an additional 19,002 shares during the period. GAMMA Investing LLC's holdings in Hub Group were worth $7,250,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Dana Investment Advisors Inc. raised its position in shares of Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after acquiring an additional 252 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after acquiring an additional 287 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares during the period. Synovus Financial Corp raised its holdings in Hub Group by 1.5% during the 4th quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock worth $1,008,000 after purchasing an additional 344 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in Hub Group by 6.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 7,551 shares of the transportation company's stock valued at $336,000 after purchasing an additional 462 shares during the period. Institutional investors own 46.77% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on HUBG shares. Susquehanna dropped their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. TD Cowen reduced their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Benchmark reduced their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Barclays decreased 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 note on Monday, May 12th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $43.68.

Hub Group Stock Up 0.4%

HUBG traded up $0.14 during trading on Monday, reaching $33.83. 390,954 shares of the stock were exchanged, compared to its average volume of 540,097. The stock has a market cap of $2.07 billion, a P/E ratio of 19.90 and a beta of 1.15. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The stock's 50 day moving average price is $33.49 and its two-hundred day moving average price is $40.18. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

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

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. Hub Group's dividend 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.