Man Group plc Sells 8,800 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Man Group plc trimmed its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 44.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,834 shares of the transportation company's stock after selling 8,800 shares during the quarter. Man Group plc's holdings in Hub Group were worth $483,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Hub Group by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,095 shares of the transportation company's stock valued at $1,519,000 after acquiring an additional 685 shares in the last quarter. Lazard Asset Management LLC boosted its holdings in Hub Group by 48.7% in the 4th quarter. Lazard Asset Management LLC now owns 24,936 shares of the transportation company's stock valued at $1,111,000 after purchasing an additional 8,169 shares during the period. Jacobs Levy Equity Management Inc. raised its position in shares of Hub Group by 3.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 13,343 shares of the transportation company's stock valued at $595,000 after buying an additional 506 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Hub Group during the 4th quarter worth $223,000. Finally, Hudson Bay Capital Management LP raised its holdings in Hub Group by 1,433.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 185,828 shares of the transportation company's stock valued at $8,280,000 after acquiring an additional 173,706 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Trading Down 0.6%

HUBG traded down $0.20 during midday trading on Friday, hitting $33.85. 523,345 shares of the company were exchanged, compared to its average volume of 538,771. The firm's 50 day moving average price is $33.88 and its 200-day moving average price is $40.82. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The firm has a market capitalization of $2.07 billion, a P/E ratio of 19.91 and a beta of 1.13. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $973.86 million. During the same period in the prior year, the business posted $0.44 earnings per share. The firm's revenue was down 8.5% on a year-over-year basis. As a group, equities analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

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

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.