Fisher Asset Management LLC Sells 15,253 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,417,797 shares of the transportation company's stock after selling 15,253 shares during the period. Fisher Asset Management LLC owned 2.31% of Hub Group worth $64,439,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HUBG. Vanguard Group Inc. increased its stake in shares of Hub Group by 99.1% in the first 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 during the period. Select Equity Group L.P. increased its stake in shares of Hub Group by 19.4% in 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 purchasing an additional 298,390 shares during the period. Point72 Asset Management L.P. bought a new position in shares of Hub Group in the second quarter worth about $4,680,000. Principal Financial Group Inc. increased its stake 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 worth $35,608,000 after purchasing an additional 97,768 shares during the period. Finally, American Century Companies Inc. increased its stake 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 worth $56,919,000 after purchasing an additional 76,431 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

Shares of HUBG traded down $0.76 on Tuesday, hitting $52.44. The company's stock had a trading volume of 632,078 shares, compared to its average volume of 468,780. The company has a market capitalization of $3.22 billion, a PE ratio of 29.80 and a beta of 0.89. 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, Inc. has a fifty-two week low of $36.88 and a fifty-two week high of $53.21. The company has a 50 day moving average price of $45.68 and a 200 day moving average price of $44.40.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million for 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%. Hub Group's revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.49 EPS. On average, research analysts anticipate that Hub Group, Inc. will post 1.91 earnings per share 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. Stockholders of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group's payout ratio is currently 28.41%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. Barclays lifted their target price on Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Stifel Nicolaus decreased 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. Finally, JPMorgan Chase & Co. lifted their target price on Hub Group from $43.00 to $51.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price 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.