Barclays PLC increased its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 199.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,774 shares of the transportation company's stock after buying an additional 78,467 shares during the period. Barclays PLC owned 0.19% of Hub Group worth $5,354,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the company. Family Firm Inc. purchased a new stake in shares of Hub Group during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC raised its stake in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock valued at $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Hub Group during the second quarter valued at $34,000. Innealta Capital LLC purchased a new position in shares of Hub Group in the 2nd quarter worth $70,000. Finally, SG Americas Securities LLC purchased a new position in shares of Hub Group in the 3rd quarter worth $106,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.
Hub Group Trading Down 4.4 %
HUBG stock traded down $2.00 during mid-day trading on Friday, reaching $43.07. The company had a trading volume of 3,656,827 shares, compared to its average volume of 479,207. The company has a market capitalization of $2.64 billion, a PE ratio of 24.47 and a beta of 0.92. The firm has a 50 day moving average of $47.74 and a 200 day moving average of $45.26. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the business posted $0.49 EPS. Hub Group's quarterly revenue was down 3.7% on a year-over-year basis. On average, equities analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.
Hub Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, December 6th. Hub Group's payout ratio is 28.41%.
Wall Street Analyst Weigh In
A number of brokerages recently commented on HUBG. TD Cowen increased their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Susquehanna lowered their price objective on Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Barclays boosted their target price on Hub Group from $42.00 to $52.00 and gave the company an "equal weight" rating in a research report on Wednesday, November 13th. Benchmark restated a "buy" rating and issued a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Finally, Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $46.83.
Check Out Our Latest Stock Analysis on Hub Group
About Hub Group
(
Free Report)
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.
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