Hub Group, Inc. (NASDAQ:HUBG) Position Boosted by Two Sigma Advisers LP

Two Sigma Advisers LP increased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 21.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,500 shares of the transportation company's stock after buying an additional 17,600 shares during the quarter. Two Sigma Advisers LP owned about 0.16% of Hub Group worth $4,478,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Capital International Investors acquired a new position in shares of Hub Group during the fourth quarter valued at $95,105,000. Invesco Ltd. lifted its position in Hub Group by 1.3% in the 4th quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock valued at $81,915,000 after purchasing an additional 23,674 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake 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 purchasing an additional 499,621 shares during the period. Norges Bank bought a new position in Hub Group in the 4th quarter worth about $41,487,000. Finally, T. Rowe Price Investment Management Inc. grew its position in Hub Group by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock worth $39,205,000 after purchasing an additional 32,334 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Price Performance

NASDAQ:HUBG traded down $0.20 during mid-day trading on Friday, reaching $33.85. 68,803 shares of the stock were exchanged, compared to its average volume of 535,196. The business has a fifty day moving average price of $33.96 and a 200 day moving average price of $40.99. The firm has a market capitalization of $2.07 billion, a PE ratio of 19.89 and a beta of 1.13. Hub Group, Inc. has a 1-year low of $30.75 and a 1-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.

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, beating the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same quarter last year, the firm posted $0.44 EPS. The business's revenue for the quarter was down 8.5% on a year-over-year basis. 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 disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. Hub Group's dividend payout ratio (DPR) is 29.41%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HUBG. Barclays reduced 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. Benchmark decreased their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price objective on the stock. TD Cowen reduced their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Finally, Susquehanna decreased their target price on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $43.68.

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.