Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by US Bancorp DE

US Bancorp DE reduced its position in Hub Group, Inc. (NASDAQ:HUBG) by 7.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 18,625 shares of the transportation company’s stock after selling 1,601 shares during the quarter. US Bancorp DE’s holdings in Hub Group were worth $847,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of HUBG. Vanguard Group Inc. grew its stake in shares of Hub Group by 99.1% during the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares during the period. William Blair Investment Management LLC grew its stake in shares of Hub Group by 99.5% during the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after purchasing an additional 419,873 shares during the period. Select Equity Group L.P. grew its stake in shares of Hub Group by 19.4% during the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after purchasing an additional 298,390 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Hub Group during the 1st quarter worth $5,843,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Hub Group during the 2nd quarter worth $4,680,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Price Performance

NASDAQ:HUBG opened at $48.37 on Friday. Hub Group, Inc. has a 12-month low of $34.51 and a 12-month high of $49.26. The company’s 50-day moving average is $44.50 and its two-hundred day moving average is $43.71. The company has a current ratio of 1.30, a quick ratio of 1.32 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 27.48 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data 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 net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.49 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts expect that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders 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 dividend yield of 1.03%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is currently 28.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HUBG. Susquehanna lowered 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 note on Friday, November 1st. Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Stifel Nicolaus decreased their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average price target of $46.00.

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.