Amalgamated Bank Decreases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Amalgamated Bank cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 4.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,103 shares of the transportation company’s stock after selling 802 shares during the quarter. Amalgamated Bank’s holdings in Hub Group were worth $823,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of HUBG. VELA Investment Management LLC raised its position in Hub Group by 2.2% in the 3rd quarter. VELA Investment Management LLC now owns 244,460 shares of the transportation company’s stock worth $11,111,000 after buying an additional 5,277 shares during the last quarter. Integrated Advisors Network LLC bought a new position in Hub Group during the third quarter valued at approximately $378,000. Highland Capital Management LLC boosted its holdings in Hub Group by 9.4% in the third quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after purchasing an additional 437 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new stake in Hub Group in the 3rd quarter worth approximately $370,000. Finally, Syntegra Private Wealth Group LLC purchased a new stake in Hub Group during the 3rd quarter valued at $314,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

HUBG has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Cowen increased their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus cut their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Susquehanna decreased their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, Barclays boosted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.83.

Hub Group Stock Performance

HUBG opened at $49.88 on Friday. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 28.34 and a beta of 0.89. Hub Group, Inc. has a fifty-two week low of $36.88 and a fifty-two week high of $50.62. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The company has a fifty day moving average of $44.80 and a 200 day moving average of $43.96.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The firm’s revenue was down 3.7% on a year-over-year basis. As a group, sell-side analysts forecast that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 28.41%.

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.