GSA Capital Partners LLP Sells 16,093 Shares of Hub Group, Inc. (NASDAQ:HUBG)

GSA Capital Partners LLP lowered its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 40.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,322 shares of the transportation company's stock after selling 16,093 shares during the quarter. GSA Capital Partners LLP's holdings in Hub Group were worth $1,060,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in HUBG. Family Firm Inc. purchased a new position in Hub Group in the second quarter worth $26,000. GAMMA Investing LLC grew its position in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock worth $32,000 after acquiring an additional 280 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Hub Group in the second quarter worth $34,000. EntryPoint Capital LLC purchased a new position in Hub Group in the first quarter worth $52,000. Finally, Headlands Technologies LLC grew its position in Hub Group by 179.1% in the first quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company's stock worth $65,000 after acquiring an additional 960 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HUBG. TD Cowen upped their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research report on Thursday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Barclays upped their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Wednesday. Susquehanna cut their price target on shares of 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, UBS Group upped their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Ten 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 company has a consensus rating of "Hold" and an average price target of $46.83.

Hub Group Trading Down 0.4 %

Shares of Hub Group stock traded down $0.22 during trading on Friday, reaching $49.66. 1,268,105 shares of the stock were exchanged, compared to its average volume of 455,253. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock's fifty day moving average is $44.90 and its 200 day moving average is $44.02. The firm has a market cap of $3.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.89. Hub Group, Inc. has a 1 year low of $36.88 and a 1 year high of $50.83.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Hub Group's revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.49 earnings per share. As a group, equities research analysts expect 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 was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group's payout ratio is currently 28.41%.

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.