Hub Group, Inc. (NASDAQ:HUBG) Stock Position Lifted by Headlands Technologies LLC

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 grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 404.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBG. Capital International Investors purchased a new stake in shares of Hub Group during the 4th quarter worth about $95,105,000. Invesco Ltd. grew its holdings in shares of Hub Group by 1.3% during the 4th quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock worth $81,915,000 after purchasing an additional 23,674 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after purchasing an additional 499,621 shares during the period. T. Rowe Price Investment Management Inc. grew its holdings in shares of Hub Group by 3.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock worth $39,205,000 after purchasing an additional 32,334 shares during the period. Finally, Cramer Rosenthal Mcglynn LLC grew its holdings in shares of Hub Group by 18.4% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 701,978 shares of the transportation company's stock worth $31,280,000 after purchasing an additional 109,227 shares during the period. Institutional investors and hedge funds own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBG. Susquehanna boosted their target price on Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Robert W. Baird decreased their target price on 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. decreased their target price on Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price target for the company in a report on Wednesday, July 23rd. Finally, Barclays decreased their price target on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $40.35.

Hub Group Stock Performance

NASDAQ HUBG traded up $0.57 during trading hours on Wednesday, hitting $36.34. The company had a trading volume of 111,170 shares, compared to its average volume of 586,973. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The business has a fifty day simple moving average of $34.46 and a 200-day simple moving average of $36.15. The firm has a market cap of $2.23 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%. The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same period last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was down 8.2% on a year-over-year basis. Equities analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.4%. Hub Group's dividend payout ratio (DPR) is currently 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.