Point72 Asset Management L.P. Decreases Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Point72 Asset Management L.P. trimmed its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 90.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,800 shares of the transportation company's stock after selling 97,900 shares during the period. Point72 Asset Management L.P.'s holdings in Hub Group were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HUBG. Select Equity Group L.P. raised its position in Hub Group by 19.4% during the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock valued at $79,055,000 after purchasing an additional 298,390 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after acquiring an additional 97,768 shares in the last quarter. American Century Companies Inc. lifted its stake in 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 acquiring an additional 76,431 shares during the period. Edgestream Partners L.P. purchased a new stake in Hub Group in the third quarter worth $3,212,000. Finally, Squarepoint Ops LLC bought a new stake in Hub Group in the second quarter valued at $1,870,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HUBG. Benchmark restated a "buy" rating and issued a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. Barclays increased their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday, November 13th. Evercore ISI upped their target price on Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Susquehanna lowered their target price on Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. Finally, TD Cowen upped their price target on Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $46.83.

Hub Group Stock Down 0.2 %

Shares of HUBG traded down $0.10 during trading hours on Thursday, hitting $49.93. The company had a trading volume of 325,999 shares, compared to its average volume of 466,415. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 28.37 and a beta of 0.92. The firm has a fifty day moving average price of $47.23 and a 200-day moving average price of $45.10. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

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 (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million during the quarter, compared to analysts' expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.49 earnings per share. On average, equities research analysts forecast that Hub Group, Inc. will post 1.91 EPS 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. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Friday, December 6th. Hub Group's payout ratio is 28.41%.

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.