New Age Alpha Advisors LLC Acquires New Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Key Points

• New Age Alpha Advisors LLC acquired a new stake in Hub Group, purchasing 8,765 shares valued at approximately $326,000 during the 1st quarter.
• Hub Group recently reported a quarterly earnings of $0.45 EPS, surpassing estimates, but revenue fell 8.2% year-over-year.
• The company declared a quarterly dividend of $0.125 per share, representing a 1.4% dividend yield and a payout ratio of 30.30%.

New Age Alpha Advisors LLC bought a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,765 shares of the transportation company's stock, valued at approximately $326,000.

Several other large investors have also bought and sold shares of the company. Farther Finance Advisors LLC boosted its position in shares of Hub Group by 440.3% in the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock valued at $32,000 after purchasing an additional 700 shares during the period. TD Private Client Wealth LLC boosted its position in shares of Hub Group by 89.9% in the 1st 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 period. Sterling Capital Management LLC boosted its position in shares of Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after purchasing an additional 1,679 shares during the period. Blue Trust Inc. boosted its position in shares of Hub Group by 40.5% in the 1st quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after purchasing an additional 714 shares during the period. Finally, KBC Group NV boosted its position in shares of Hub Group by 43.3% in the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock valued at $137,000 after purchasing an additional 1,113 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Down 2.5%

Shares of HUBG traded down $0.91 during midday trading on Thursday, reaching $35.81. 96,787 shares of the stock were exchanged, compared to its average volume of 585,299. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21. The firm has a 50 day simple moving average of $34.52 and a 200-day simple moving average of $36.16. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 1.20 and a beta of 1.12.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%. The company had revenue of $905.65 million during the quarter, compared to the consensus estimate of $913.53 million. During the same period last year, the business earned $0.47 EPS. The business's quarterly revenue was down 8.2% on a year-over-year basis. Research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Hub Group's dividend payout ratio (DPR) is presently 30.30%.

Wall Street Analyst Weigh In

HUBG has been the subject of a number of recent analyst reports. Baird R W upgraded Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. decreased their price target on Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a research note on Wednesday, July 23rd. Susquehanna increased their price objective on Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Finally, Robert W. Baird reduced their price objective on Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.35.

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.