Point72 Asset Management L.P. Raises Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Point72 Asset Management L.P. grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 486.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,380 shares of the transportation company's stock after buying an additional 52,580 shares during the quarter. Point72 Asset Management L.P. owned 0.10% of Hub Group worth $2,824,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Dana Investment Advisors Inc. raised its position in Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock valued at $1,015,000 after purchasing an additional 252 shares during the period. Nisa Investment Advisors LLC increased its position in shares of Hub Group by 0.8% during the 4th 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. raised its holdings in Hub Group by 4.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after buying an additional 287 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after buying an additional 310 shares during the period. Finally, Highland Capital Management LLC lifted its position in 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 buying an additional 338 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Trading Down 2.1%

Shares of NASDAQ:HUBG traded down $0.73 during trading on Monday, reaching $33.32. 412,260 shares of the company were exchanged, compared to its average volume of 536,402. The business's fifty day simple moving average is $34.23 and its 200-day simple moving average is $41.30. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. 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 $2.04 billion, a PE ratio of 19.60 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $915.22 million for the quarter, compared to analysts' expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Hub Group's revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 earnings per share. On average, research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Hub Group's payout ratio is currently 29.41%.

Analyst Ratings Changes

A number of research analysts have weighed in on HUBG shares. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price objective on the stock. Benchmark cut their price target on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. TD Cowen reduced their price objective 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 decreased their price objective 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. Finally, Susquehanna cut their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average 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.