Squarepoint Ops LLC Boosts Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Squarepoint Ops LLC grew its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 58.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,811 shares of the transportation company's stock after purchasing an additional 20,613 shares during the quarter. Squarepoint Ops LLC owned about 0.09% of Hub Group worth $2,487,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in 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 buying an additional 310 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after acquiring an additional 1,142 shares during the period. Sterling Capital Management LLC boosted its position in shares of Hub Group by 803.3% during the 4th 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. grew its holdings in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after purchasing an additional 450 shares during the period. Finally, KBC Group NV increased its position in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after purchasing an additional 670 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBG. Susquehanna cut their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 target price for the company. Benchmark decreased their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research note on Friday, May 9th. TD Cowen lowered their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Finally, Barclays cut their price objective on 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $43.68.

Hub Group Stock Down 0.6%

Shares of NASDAQ HUBG traded down $0.20 during mid-day trading on Friday, hitting $33.85. The company had a trading volume of 523,345 shares, compared to its average volume of 538,771. The company has a market capitalization of $2.07 billion, a PE ratio of 19.91 and a beta of 1.13. The business's 50-day simple moving average is $33.88 and its 200 day simple moving average is $40.75. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

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, topping analysts' consensus estimates of $0.42 by $0.02. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The business had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. During the same period in the previous year, the company posted $0.44 earnings per share. The business's revenue for the quarter was down 8.5% on a year-over-year basis. On average, 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 Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio is presently 29.41%.

Hub Group Company Profile

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.