Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Select Equity Group L.P.

Select Equity Group L.P. lessened its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 12.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund 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 approximately 2.77% of Hub Group worth $75,815,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBG. Point72 Asset Management L.P. boosted its stake in shares of Hub Group by 486.9% during the fourth quarter. Point72 Asset Management L.P. now owns 63,380 shares of the transportation company's stock valued at $2,824,000 after purchasing an additional 52,580 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Hub Group by 41.8% in the 4th quarter. ProShare Advisors LLC now owns 18,073 shares of the transportation company's stock valued at $805,000 after acquiring an additional 5,327 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Hub Group by 2.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,095 shares of the transportation company's stock worth $1,519,000 after purchasing an additional 685 shares during the last quarter. Lazard Asset Management LLC lifted its stake in Hub Group by 48.7% during the 4th quarter. Lazard Asset Management LLC now owns 24,936 shares of the transportation company's stock valued at $1,111,000 after acquiring an additional 8,169 shares during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Hub Group by 3.9% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 13,343 shares of the transportation company's stock valued at $595,000 after purchasing an additional 506 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Benchmark decreased their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Barclays cut their price objective 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. TD Cowen decreased their price target 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. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Susquehanna lowered their price objective 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Hub Group currently has a consensus rating of "Hold" and a consensus target price of $43.68.

Hub Group Trading Up 0.1%

Shares of Hub Group stock traded up $0.04 during trading hours on Thursday, reaching $33.96. 158,803 shares of the company's stock were exchanged, compared to its average volume of 620,182. The company has a fifty day moving average of $34.40 and a 200-day moving average of $41.55. 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, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. The firm has a market capitalization of $2.08 billion, a price-to-earnings ratio of 19.96 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping 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 business had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. During the same period in the prior year, the firm posted $0.44 EPS. The company's revenue was down 8.5% on a year-over-year basis. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio is currently 29.41%.

Hub Group Company 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.