Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its stake in Hub Group, Inc. by 23.5%, owning 502,263 shares worth approximately $18.7 million after selling 153,896 shares in the first quarter.
• Different institutional investors have adjusted their positions, with Farther Finance Advisors LLC increasing their stake by 440.3% during the same period.
• Hub Group announced a quarterly dividend of $0.125 per share, resulting in an annualized dividend yield of 1.39% for shareholders.

Royce & Associates LP decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 23.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 502,263 shares of the transportation company's stock after selling 153,896 shares during the quarter. Royce & Associates LP owned approximately 0.82% of Hub Group worth $18,669,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in Hub Group by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company's stock worth $11,243,000 after purchasing an additional 7,729 shares during the period. KBC Group NV boosted its position in shares of Hub Group by 43.3% during the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock worth $137,000 after acquiring an additional 1,113 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Hub Group by 40.5% during the 1st quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock worth $92,000 after acquiring an additional 714 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Hub Group during the 4th quarter worth about $206,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Hub Group during the 4th quarter worth about $1,279,000. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

Hub Group stock traded up $0.10 during mid-day trading on Monday, reaching $36.20. 86,820 shares of the company were exchanged, compared to its average volume of 585,518. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The firm's 50-day simple moving average is $34.26 and its two-hundred day simple moving average is $36.94. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $2.22 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.02. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The company had revenue of $915.22 million during the quarter, compared to analysts' expectations of $973.86 million. During the same period last year, the firm earned $0.44 EPS. The firm's revenue for the quarter was down 8.5% on a year-over-year basis. Equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.38%. Hub Group's payout ratio is 29.41%.

Wall Street Analyst Weigh In

HUBG has been the subject of several analyst reports. Susquehanna reaffirmed a "positive" rating and set a $46.00 price objective (up from $45.00) on shares of Hub Group in a research report on Tuesday, June 24th. Baird R W raised Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their price objective 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. Barclays lowered their price objective on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Finally, Benchmark decreased their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.01.

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.