8,765 Shares in Hub Group, Inc. (NASDAQ:HUBG) Purchased by New Age Alpha Advisors LLC

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 acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,765 shares of the transportation company's stock, valued at approximately $326,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Capital International Investors acquired a new stake in shares of Hub Group in the fourth quarter valued at $95,105,000. Balyasny Asset Management L.P. boosted its holdings in Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock valued at $51,133,000 after acquiring an additional 499,621 shares during the period. Hudson Bay Capital Management LP grew its position 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. Walleye Capital LLC acquired a new position in Hub Group in the 4th quarter valued at about $7,518,000. Finally, Eisler Capital Management Ltd. purchased a new stake in Hub Group during the fourth quarter worth about $6,177,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on HUBG shares. Susquehanna raised their price objective on shares of Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Benchmark dropped their price target 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. Robert W. Baird dropped their price target on shares of Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Stifel Nicolaus dropped their price target on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price target for the company in a research note on Wednesday, July 23rd. Four analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Stock Up 4.2%

Hub Group stock traded up $1.43 during midday trading on Tuesday, reaching $35.77. The company's stock had a trading volume of 363,892 shares, compared to its average volume of 590,150. The company has a market cap of $2.19 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.16 and a beta of 1.12. 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 business has a 50-day simple moving average of $34.43 and a 200-day simple moving average of $36.15. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 23rd. Hub Group's payout ratio is 30.30%.

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.