Jane Street Group LLC Has $4.39 Million Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Jane Street Group LLC decreased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 48.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,643 shares of the transportation company’s stock after selling 90,633 shares during the quarter. Jane Street Group LLC owned 0.16% of Hub Group worth $4,392,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HUBG. State Street Corp grew its stake in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after acquiring an additional 20,215 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Hub Group by 0.4% during the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock worth $101,450,000 after purchasing an additional 8,700 shares during the period. Select Equity Group L.P. grew its position in Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares in the last quarter. American Century Companies Inc. increased its stake in Hub Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after buying an additional 76,431 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after buying an additional 97,768 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBG has been the topic of several research analyst reports. Barclays boosted their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Susquehanna reduced their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, November 1st. TD Cowen boosted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $46.83.

Hub Group Trading Down 2.6 %

Hub Group stock opened at $48.06 on Wednesday. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. 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 firm has a market capitalization of $2.95 billion, a PE ratio of 27.31 and a beta of 0.92. The business’s 50-day simple moving average is $47.61 and its 200-day simple moving average is $45.25.

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

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.04%. Hub Group’s dividend payout ratio is 28.41%.

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.