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

Point72 Asset Management L.P. increased its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 486.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,380 shares of the transportation company's stock after purchasing an additional 52,580 shares during the quarter. Point72 Asset Management L.P. owned approximately 0.10% of Hub Group worth $2,824,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBG. Nomura Asset Management Co. Ltd. grew its stake in Hub Group by 48.4% in 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after acquiring an additional 1,142 shares in the last quarter. Sterling Capital Management LLC boosted its position in Hub Group by 803.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after acquiring an additional 1,679 shares in the last quarter. Blue Trust Inc. boosted its position in Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after acquiring an additional 450 shares in the last quarter. Finally, KBC Group NV boosted its position in Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after acquiring an additional 670 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on HUBG shares. Susquehanna dropped their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 target price on the stock. Benchmark dropped their target price 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. Barclays decreased their price objective on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Finally, TD Cowen decreased their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Hub Group currently has an average rating of "Hold" and a consensus target price of $43.68.

Hub Group Stock Performance

HUBG stock traded down $0.73 during midday trading on Friday, reaching $33.32. The stock had a trading volume of 412,260 shares, compared to its average volume of 535,384. The stock has a market cap of $2.04 billion, a PE ratio of 19.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a fifty day simple moving average of $34.23 and a two-hundred day simple moving average of $41.40. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The firm's quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. As a group, equities research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

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

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.