Vanguard Group Inc. Has $243.55 Million Holdings in Hub Group, Inc. $HUBG

Key Points

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Vanguard Group Inc. reduced its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,552,331 shares of the transportation company's stock after selling 68,750 shares during the period. Vanguard Group Inc. owned 10.65% of Hub Group worth $243,550,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of HUBG. Farther Finance Advisors LLC grew its stake in Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after buying an additional 700 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Hub Group by 89.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after purchasing an additional 850 shares during the last quarter. Sterling Capital Management LLC raised its holdings 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 worth $84,000 after purchasing an additional 1,679 shares during the last quarter. Blue Trust Inc. raised its holdings in 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 purchasing an additional 714 shares during the last quarter. Finally, KBC Group NV raised its holdings in 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 purchasing an additional 1,113 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Trading Up 0.2%

Shares of NASDAQ:HUBG opened at $35.55 on Tuesday. 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 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 1.19 and a beta of 1.12. The stock's 50-day simple moving average is $34.64 and its two-hundred day simple moving average is $35.83.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. The business had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%. The company's revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.47 EPS. Analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 1.4%. Hub Group's dividend payout ratio is presently 30.30%.

Analysts Set New Price Targets

HUBG has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a research note on Wednesday, July 23rd. Barclays cut their price target on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Susquehanna boosted their price objective on Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a research note on Friday, August 1st. TD Cowen lowered their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price target on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

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.

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