Hub Group, Inc. (NASDAQ:HUBG) Shares Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP boosted its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1,433.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 185,828 shares of the transportation company's stock after purchasing an additional 173,706 shares during the period. Hudson Bay Capital Management LP owned about 0.30% of Hub Group worth $8,280,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HUBG. Eisler Capital Management Ltd. bought a new stake in Hub Group in the 4th quarter worth approximately $6,177,000. Deutsche Bank AG lifted its holdings in shares of Hub Group by 36.9% in the 4th quarter. Deutsche Bank AG now owns 66,318 shares of the transportation company's stock worth $2,955,000 after buying an additional 17,865 shares during the period. EP Wealth Advisors LLC purchased a new stake in shares of Hub Group during the 4th quarter worth $223,000. Brevan Howard Capital Management LP increased its position in Hub Group by 46.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,525 shares of the transportation company's stock valued at $335,000 after buying an additional 2,386 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Hub Group by 8.0% in the fourth quarter. Baird Financial Group Inc. now owns 89,495 shares of the transportation company's stock valued at $3,988,000 after purchasing an additional 6,601 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HUBG shares. Barclays dropped their target price on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Benchmark cut their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. TD Cowen cut their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Susquehanna cut their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $43.68.

Hub Group Stock Up 0.6%

HUBG traded up $0.22 on Friday, hitting $35.96. 481,190 shares of the company were exchanged, compared to its average volume of 532,330. The firm has a 50-day moving average price of $34.51 and a two-hundred day moving average price of $41.71. The company has a market cap of $2.20 billion, a price-to-earnings ratio of 21.15 and a beta of 1.13. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month 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 released its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. The business 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 period in the prior year, the firm posted $0.44 EPS. On average, equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

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.