HighTower Advisors LLC Acquires 77,571 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Key Points

• HighTower Advisors LLC increased its holdings in Hub Group, acquiring an additional 77,571 shares, resulting in a 9.9% ownership stake, valued at approximately $32.07 million.
• Recent research reports indicate a **decrease** in price targets for Hub Group from firms like Benchmark and JPMorgan, while Deutsche Bank upgraded its rating to a **buy** with a target of $41.00.
• The company reported earnings per share of **$0.45**, which exceeded analysts' expectations, despite a **8.2% decline** in revenue year-over-year.

HighTower Advisors LLC lifted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 9.9% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 862,893 shares of the transportation company's stock after purchasing an additional 77,571 shares during the period. HighTower Advisors LLC owned 1.40% of Hub Group worth $32,074,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its holdings in Hub Group by 440.3% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after acquiring an additional 700 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after acquiring an additional 850 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after acquiring an additional 1,679 shares during the last quarter. Blue Trust Inc. boosted its holdings in Hub Group by 40.5% in the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after acquiring an additional 714 shares during the last quarter. Finally, KBC Group NV boosted its holdings in Hub Group by 43.3% in the first quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock valued at $137,000 after acquiring an additional 1,113 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HUBG. Benchmark decreased 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. JPMorgan Chase & Co. decreased their price target on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. TD Cowen decreased their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Barclays decreased their price target 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. Finally, Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a report on Wednesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Price Performance

Shares of HUBG opened at $35.93 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.21. The stock has a market cap of $2.20 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12. The stock's 50-day moving average price is $34.57 and its two-hundred day moving average price is $36.09.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a dividend 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.

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