Select Equity Group L.P. Has $75.82 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Select Equity Group L.P. lowered its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,701,418 shares of the transportation company's stock after selling 239,602 shares during the quarter. Select Equity Group L.P. owned 2.77% of Hub Group worth $75,815,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC grew its stake in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after buying an additional 78,467 shares during the last quarter. Franklin Resources Inc. grew its stake in Hub Group by 1.2% during the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company's stock worth $2,167,000 after buying an additional 595 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Hub Group by 16.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock worth $424,000 after buying an additional 1,368 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Hub Group by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock worth $1,405,000 after buying an additional 260 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in Hub Group by 170.9% during the fourth quarter. SG Americas Securities LLC now owns 6,321 shares of the transportation company's stock worth $282,000 after buying an additional 3,988 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Analysts Set New Price Targets

HUBG has been the topic of several research analyst reports. TD Cowen decreased their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Susquehanna reduced their target price on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Benchmark cut their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective on the stock. Finally, Barclays cut 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 report on Monday, May 12th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $43.68.

Hub Group Stock Down 0.6%

Shares of NASDAQ:HUBG traded down $0.22 during midday trading on Tuesday, reaching $35.50. 680,694 shares of the company were exchanged, compared to its average volume of 534,056. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $41.65. The firm has a market cap of $2.17 billion, a PE ratio of 20.88 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The business had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm's revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's dividend payout ratio is currently 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.