Point72 Asia Singapore Pte. Ltd. Cuts Stake in Hub Group, Inc. (NASDAQ:HUBG)

Point72 Asia Singapore Pte. Ltd. cut its position in Hub Group, Inc. (NASDAQ:HUBG) by 62.3% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,080 shares of the transportation company’s stock after selling 8,381 shares during the quarter. Point72 Asia Singapore Pte. Ltd.’s holdings in Hub Group were worth $231,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in Hub Group by 111.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock valued at $1,850,000 after acquiring an additional 22,542 shares in the last quarter. Comerica Bank boosted its position in shares of Hub Group by 84.5% during the first quarter. Comerica Bank now owns 26,627 shares of the transportation company’s stock valued at $1,151,000 after buying an additional 12,196 shares during the last quarter. Principal Financial Group Inc. increased its holdings 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. California State Teachers Retirement System raised its position in Hub Group by 90.6% in the 1st quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company’s stock worth $2,732,000 after buying an additional 30,052 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in Hub Group by 53.7% during the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company’s stock valued at $5,065,000 after acquiring an additional 41,119 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $51.47 on Wednesday. The company has a market capitalization of $3.16 billion, a P/E ratio of 29.24 and a beta of 0.92. Hub Group, Inc. has a 1-year low of $38.07 and a 1-year high of $53.21. The firm’s 50 day simple moving average is $46.31 and its two-hundred day simple moving average is $44.69. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share 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 for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company earned $0.49 EPS. Hub Group’s revenue for the quarter was down 3.7% on a year-over-year basis. Research analysts expect that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s dividend payout ratio is currently 28.41%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Evercore ISI boosted their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. TD Cowen raised their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Susquehanna reduced their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Finally, Stifel Nicolaus dropped their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus price target of $46.83.

About Hub Group

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.