Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC trimmed its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 9.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 198,996 shares of the transportation company's stock after selling 19,566 shares during the period. Chartwell Investment Partners LLC owned 0.32% of Hub Group worth $9,045,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. State of New Jersey Common Pension Fund D raised its holdings in Hub Group by 4.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company's stock valued at $2,051,000 after acquiring an additional 1,996 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in Hub Group during the third quarter worth $204,000. Verdence Capital Advisors LLC grew its holdings in Hub Group by 13.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company's stock valued at $300,000 after buying an additional 761 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after acquiring an additional 97,768 shares during the last quarter. Finally, VELA Investment Management LLC raised its holdings in shares of Hub Group by 2.2% during the 3rd quarter. VELA Investment Management LLC now owns 244,460 shares of the transportation company's stock worth $11,111,000 after acquiring an additional 5,277 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Up 3.1 %

HUBG stock traded up $1.49 during mid-day trading on Monday, reaching $49.86. The company had a trading volume of 266,004 shares, compared to its average volume of 447,633. The firm has a fifty day simple moving average of $44.50 and a 200 day simple moving average of $43.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.32 and a current ratio of 1.30. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 27.48 and a beta of 0.89. Hub Group, Inc. has a fifty-two week low of $35.28 and a fifty-two week high of $50.20.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm had revenue of $986.89 million for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter last year, the company earned $0.49 earnings per share. The firm's revenue was down 3.7% compared to the same quarter last year. Analysts forecast that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. Hub Group's dividend payout ratio is currently 28.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. TD Cowen lifted their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Stifel Nicolaus decreased their price objective on Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. Barclays lifted their target price on Hub Group from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Thursday, October 31st. UBS Group increased their price target on Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Benchmark restated a "buy" rating and issued a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hub Group presently has a consensus rating of "Hold" and a consensus price target of $46.00.

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.