Edgestream Partners L.P. Acquires New Stake in Hub Group, Inc. (NASDAQ:HUBG)

Edgestream Partners L.P. purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 70,682 shares of the transportation company's stock, valued at approximately $3,212,000. Edgestream Partners L.P. owned approximately 0.12% of Hub Group as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Hub Group by 65.0% in the 3rd 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. Arizona State Retirement System lifted its stake in shares of Hub Group by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company's stock valued at $750,000 after acquiring an additional 282 shares during the last quarter. Inspire Advisors LLC grew its position in Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company's stock worth $746,000 after acquiring an additional 284 shares during the last quarter. Highland Capital Management LLC increased its stake in Hub Group by 9.4% in the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company's stock worth $231,000 after purchasing an additional 437 shares during the period. Finally, Aristides Capital LLC lifted its position in Hub Group by 9.2% in the second quarter. Aristides Capital LLC now owns 5,987 shares of the transportation company's stock valued at $258,000 after purchasing an additional 506 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Up 0.6 %

HUBG stock traded up $0.31 during midday trading on Monday, hitting $51.95. The company's stock had a trading volume of 533,490 shares, compared to its average volume of 467,925. The firm's 50-day moving average is $46.17 and its 200-day moving average is $44.63. 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 $38.07 and a 12 month high of $53.21. The company has a market cap of $3.19 billion, a PE ratio of 29.34 and a beta of 0.89.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly 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. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm had revenue of $986.89 million during the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the business earned $0.49 earnings per share. The company's revenue was down 3.7% on a year-over-year basis. On average, equities research analysts forecast that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group's payout ratio is presently 28.41%.

Analyst Ratings Changes

Several brokerages have recently issued reports on HUBG. Evercore ISI raised their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Benchmark restated a "buy" rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. TD Cowen increased their price objective on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Stifel Nicolaus dropped their target price on shares of Hub Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Finally, Barclays lifted their price target 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. Ten equities research 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 currently has an average rating of "Hold" and a consensus price target of $46.83.

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.