Two Sigma Investments LP Has $5.10 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Two Sigma Investments LP reduced its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 29.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 114,417 shares of the transportation company's stock after selling 47,825 shares during the period. Two Sigma Investments LP owned approximately 0.19% of Hub Group worth $5,098,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Nomura Asset Management Co. Ltd. boosted its holdings in Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after buying an additional 310 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after buying an additional 1,142 shares during the last quarter. Sterling Capital Management LLC boosted its holdings in shares of Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock worth $84,000 after purchasing an additional 1,679 shares during the last quarter. Blue Trust Inc. grew its holdings in Hub Group by 24.8% in the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after buying an additional 450 shares during the period. Finally, KBC Group NV increased its stake in shares of 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 during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Stock Down 0.6%

Shares of NASDAQ:HUBG traded down $0.20 during midday trading on Friday, hitting $33.85. 523,345 shares of the stock were exchanged, compared to its average volume of 538,771. The company has a market capitalization of $2.07 billion, a PE ratio of 19.91 and a beta of 1.13. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. 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 business's fifty day simple moving average is $33.88 and its two-hundred day simple moving average is $40.75.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $915.22 million during 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%. The business's quarterly revenue was down 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. As a group, research analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio is 29.41%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HUBG shares. TD Cowen lowered their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Barclays dropped their price target on 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. Susquehanna reduced their price objective 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. Benchmark dropped their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed 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 for the company. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target 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.