Everence Capital Management Inc. Lowers Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Everence Capital Management Inc. lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 62.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,960 shares of the transportation company's stock after selling 11,780 shares during the quarter. Everence Capital Management Inc.'s holdings in Hub Group were worth $310,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of Hub Group by 65.0% during 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 during the last quarter. Point72 Hong Kong Ltd acquired a new position in Hub Group during the 2nd quarter valued at about $34,000. SG Americas Securities LLC purchased a new stake in Hub Group in the third quarter valued at about $106,000. CWM LLC boosted its holdings in Hub Group by 24.8% in the third quarter. CWM LLC now owns 2,853 shares of the transportation company's stock worth $130,000 after acquiring an additional 567 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in shares of Hub Group during the third quarter worth about $182,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Evercore ISI increased 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. Barclays upped 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 reaffirmed a "buy" rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Susquehanna raised Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective on the stock in a report on Friday. Finally, TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $47.42.

Hub Group Price Performance

HUBG traded down $0.19 during trading on Tuesday, hitting $44.12. The company's stock had a trading volume of 356,098 shares, compared to its average volume of 347,774. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 25.07 and a beta of 0.94. The business's fifty day simple moving average is $47.86 and its 200 day simple moving average is $45.39. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly 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 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%. The firm's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.49 EPS. On average, equities research analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. Hub Group's dividend payout ratio (DPR) is presently 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.