Victory Capital Management Inc. Cuts Position in Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 0.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,046,157 shares of the transportation company's stock after selling 21,026 shares during the period. Victory Capital Management Inc. owned 4.95% of Hub Group worth $113,226,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Edgestream Partners L.P. lifted its position in Hub Group by 184.7% during the first quarter. Edgestream Partners L.P. now owns 210,420 shares of the transportation company's stock valued at $7,821,000 after purchasing an additional 136,522 shares during the last quarter. Banque Pictet & Cie SA bought a new stake in Hub Group during the first quarter valued at approximately $437,000. TD Private Client Wealth LLC lifted its position in Hub Group by 89.9% during the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after purchasing an additional 850 shares during the last quarter. Principal Financial Group Inc. lifted its position in Hub Group by 2.6% during the first quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company's stock valued at $11,243,000 after purchasing an additional 7,729 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Hub Group by 585.6% during the first quarter. Teacher Retirement System of Texas now owns 136,935 shares of the transportation company's stock valued at $5,090,000 after purchasing an additional 116,963 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Trading Down 1.5%

HUBG traded down $0.53 during trading on Friday, reaching $33.87. The company had a trading volume of 405,124 shares, compared to its average volume of 551,603. The stock has a market cap of $2.07 billion, a P/E ratio of 19.92, a PEG ratio of 1.60 and a beta of 1.13. The business has a 50 day simple moving average of $34.29 and a 200-day simple moving average of $37.30. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. 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, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The firm's quarterly revenue was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 earnings per share. On average, equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Monday, June 23rd. Hub Group's payout ratio is 29.41%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HUBG shares. TD Cowen lowered their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Robert W. Baird began coverage on shares of Hub Group in a report on Tuesday, July 1st. They set an "outperform" rating and a $44.00 price target for the company. Benchmark lowered their price target 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. JPMorgan Chase & Co. lowered their price target 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, Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Six investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Hub Group currently has an average rating of "Moderate Buy" and an average price target of $42.01.

Hub Group 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.