ExodusPoint Capital Management LP Buys 64,677 Shares of Hub Group, Inc. (NASDAQ:HUBG)

ExodusPoint Capital Management LP raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 74.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,135 shares of the transportation company's stock after purchasing an additional 64,677 shares during the quarter. ExodusPoint Capital Management LP owned 0.25% of Hub Group worth $6,779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Bryce Point Capital LLC bought a new stake in shares of Hub Group during the 4th quarter worth $261,000. Trexquant Investment LP boosted its stake in Hub Group by 333.2% in the fourth quarter. Trexquant Investment LP now owns 34,854 shares of the transportation company's stock worth $1,553,000 after buying an additional 26,808 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of Hub Group during the fourth quarter worth approximately $138,000. Alliancebernstein L.P. boosted its stake in shares of Hub Group by 4.1% in the 4th quarter. Alliancebernstein L.P. now owns 73,463 shares of the transportation company's stock valued at $3,274,000 after purchasing an additional 2,880 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Hub Group by 26.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,907 shares of the transportation company's stock valued at $798,000 after purchasing an additional 3,797 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUBG has been the subject of a number of research analyst reports. Barclays dropped their price target on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Susquehanna lowered their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Wednesday, March 26th. Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price objective on the stock. Finally, Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $46.73.

Hub Group Stock Performance

Shares of NASDAQ HUBG traded down $2.14 during trading on Thursday, hitting $33.17. The company had a trading volume of 171,954 shares, compared to its average volume of 509,100. The firm has a market capitalization of $2.04 billion, a P/E ratio of 19.42 and a beta of 1.04. Hub Group, Inc. has a 12 month low of $31.41 and a 12 month high of $53.21. The stock has a 50 day simple moving average of $39.12 and a 200 day simple moving average of $43.72. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.51%. Hub Group's dividend payout ratio is currently 29.41%.

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.