Millennium Management LLC Trims Stake in Hub Group, Inc. (NASDAQ:HUBG)

Millennium Management LLC reduced its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 289,202 shares of the transportation company's stock after selling 62,326 shares during the quarter. Millennium Management LLC owned approximately 0.47% of Hub Group worth $12,887,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Dana Investment Advisors Inc. grew its stake in shares of Hub Group by 1.1% during the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after acquiring an additional 252 shares during the period. Nisa Investment Advisors LLC lifted its holdings in Hub Group by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock valued at $1,405,000 after purchasing an additional 260 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in Hub Group by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after purchasing an additional 287 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position 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 purchasing an additional 310 shares during the period. Finally, Highland Capital Management LLC increased its stake in shares of Hub Group by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock worth $242,000 after purchasing an additional 338 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded up $0.21 during midday trading on Thursday, reaching $33.92. 68,695 shares of the company traded hands, compared to its average volume of 611,246. 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, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.95 and a beta of 1.13. The firm's fifty day moving average price is $34.04 and its two-hundred day moving average price is $41.10.

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 (EPS) for the quarter, beating 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 company had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. During the same period in the previous year, the company posted $0.44 EPS. The firm's revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, March 18th. Hub Group's payout ratio is 29.41%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Barclays reduced their target price 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. TD Cowen reduced 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. Susquehanna reduced their target price on shares of 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 assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Finally, Benchmark decreased their price objective 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. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $43.68.

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.