Bank of New York Mellon Corp Sells 27,456 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Bank of New York Mellon Corp lessened its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 550,484 shares of the transportation company's stock after selling 27,456 shares during the period. Bank of New York Mellon Corp owned approximately 0.90% of Hub Group worth $20,461,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HUBG. Farther Finance Advisors LLC boosted its stake in Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after buying an additional 700 shares during the period. 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 period. Sterling Capital Management LLC boosted its stake in Hub Group by 803.3% during the fourth 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 period. Blue Trust Inc. boosted its stake 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 period. Finally, KBC Group NV boosted its stake 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 period. Institutional investors own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays dropped their price objective 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. Benchmark lowered 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. JPMorgan Chase & Co. lowered their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. TD Cowen lowered their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Finally, Baird R W raised shares of Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $42.01.

Hub Group Stock Up 0.2%

NASDAQ:HUBG traded up $0.08 during mid-day trading on Monday, reaching $33.95. The company's stock had a trading volume of 342,105 shares, compared to its average volume of 550,765. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.21. The stock has a fifty day moving average of $34.29 and a 200-day moving average of $37.25. The firm has a market capitalization of $2.08 billion, a PE ratio of 19.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.09.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The company had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same period in the prior year, the firm earned $0.44 earnings per share. The firm's revenue for the quarter was down 8.5% compared to the same quarter last year. Equities research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.125 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.47%. 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.