Twinbeech Capital LP Cuts Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Twinbeech Capital LP lessened its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 35.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,972 shares of the transportation company's stock after selling 10,055 shares during the quarter. Twinbeech Capital LP's holdings in Hub Group were worth $801,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Two Sigma Advisers LP raised its position in Hub Group by 21.2% in the 4th quarter. Two Sigma Advisers LP now owns 100,500 shares of the transportation company's stock worth $4,478,000 after buying an additional 17,600 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in shares of Hub Group by 486.9% during the fourth quarter. Point72 Asset Management L.P. now owns 63,380 shares of the transportation company's stock valued at $2,824,000 after purchasing an additional 52,580 shares during the last quarter. ProShare Advisors LLC lifted its position in Hub Group by 41.8% during the fourth quarter. ProShare Advisors LLC now owns 18,073 shares of the transportation company's stock valued at $805,000 after purchasing an additional 5,327 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Hub Group by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,095 shares of the transportation company's stock worth $1,519,000 after purchasing an additional 685 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Hub Group by 48.7% in the fourth quarter. Lazard Asset Management LLC now owns 24,936 shares of the transportation company's stock worth $1,111,000 after purchasing an additional 8,169 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Price Performance

Hub Group stock traded up $0.89 during mid-day trading on Tuesday, hitting $34.21. The stock had a trading volume of 65,535 shares, compared to its average volume of 615,802. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.09 billion, a P/E ratio of 20.12 and a beta of 1.13. The firm's 50 day moving average is $34.16 and its 200 day moving average is $41.20.

Hub Group (NASDAQ:HUBG - Get Free Report) last released 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. The firm 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 business's quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 earnings per share. On average, sell-side analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

A number of research firms have weighed in on HUBG. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Barclays lowered their price objective on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Susquehanna dropped their price objective on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Benchmark reduced their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Finally, TD Cowen decreased their price target 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.