Dynamic Technology Lab Private Ltd Trims Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Dynamic Technology Lab Private Ltd cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 11.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,319 shares of the transportation company’s stock after selling 3,591 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Hub Group were worth $1,242,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in 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 in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Hub Group by 0.4% during the 2nd 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 last quarter. Select Equity Group L.P. grew its holdings in shares of 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 worth $79,055,000 after buying an additional 298,390 shares in the last quarter. American Century Companies Inc. raised its position in shares of Hub Group by 6.1% in the second 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 last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Evercore ISI increased 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. UBS Group increased their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna lowered their target price on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Benchmark reaffirmed a “buy” rating and set a $47.00 price target on shares of Hub Group in a research note 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 note on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $46.83.

Hub Group Stock Down 1.4 %

Shares of NASDAQ HUBG opened at $52.44 on Wednesday. The stock has a fifty day moving average price of $45.68 and a 200 day moving average price of $44.40. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $53.21. The company has a market cap of $3.22 billion, a P/E ratio of 29.80 and a beta of 0.89.

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

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.95%. Hub Group’s dividend payout ratio is currently 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.