Headlands Technologies LLC Increases Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Key Points

• Headlands Technologies LLC increased its stock holdings in Hub Group, Inc. by 404.8%, owning 15,598 shares worth approximately $580,000 after purchasing an additional 12,508 shares in the first quarter.
• Hub Group's quarterly earnings of $0.45 per share beat estimates, but its revenue of $905.65 million fell short of analyst expectations, reflecting an 8.2% decline year-over-year.
• Research firms have mixed views on Hub Group, with price targets ranging from $33.13 to $45.00 and a consensus rating of "Moderate Buy."

Headlands Technologies LLC lifted its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 404.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,598 shares of the transportation company's stock after acquiring an additional 12,508 shares during the quarter. Headlands Technologies LLC's holdings in Hub Group were worth $580,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HUBG. Farther Finance Advisors LLC grew its stake in shares of Hub Group by 440.3% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after acquiring an additional 700 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in shares of 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 worth $67,000 after buying an additional 850 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock worth $84,000 after buying an additional 1,679 shares during the last quarter. Blue Trust Inc. increased its holdings in 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 last quarter. Finally, KBC Group NV increased its holdings in Hub Group by 43.3% during the first quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock worth $137,000 after buying an additional 1,113 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Analyst Ratings Changes

HUBG has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a report on Wednesday, July 23rd. Benchmark decreased their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Susquehanna raised their price objective on shares of Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a report on Friday, August 1st. JPMorgan Chase & Co. decreased their price objective 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. Finally, Robert W. Baird cut their price target on Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Hub Group currently has an average rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Stock Performance

NASDAQ HUBG traded up $1.43 during trading on Tuesday, hitting $35.77. 363,892 shares of the company's stock traded hands, compared to its average volume of 590,150. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 1.16 and a beta of 1.12. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average of $34.43 and a 200-day moving average of $36.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company's revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. As a group, equities research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Hub Group's dividend payout ratio is presently 30.30%.

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.