Victory Capital Management Inc. Sells 388,639 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. reduced its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,178,803 shares of the transportation company's stock after selling 388,639 shares during the quarter. Victory Capital Management Inc. owned approximately 5.11% of Hub Group worth $144,477,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Family Firm Inc. bought a new position in Hub Group during the 2nd quarter worth approximately $26,000. GAMMA Investing LLC raised its stake in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock worth $32,000 after buying an additional 280 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Hub Group in the second quarter valued at $34,000. EntryPoint Capital LLC bought a new stake in Hub Group during the first quarter valued at $52,000. Finally, Headlands Technologies LLC grew its holdings in Hub Group by 179.1% during the 1st quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company's stock worth $65,000 after acquiring an additional 960 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Up 1.7 %

Shares of Hub Group stock traded up $0.85 on Wednesday, hitting $50.15. The company had a trading volume of 510,020 shares, compared to its average volume of 450,756. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 28.49 and a beta of 0.89. 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, Inc. has a 1 year low of $36.51 and a 1 year high of $50.20. The stock has a 50 day moving average of $44.71 and a 200-day moving average of $43.92.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate 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 firm earned $0.49 EPS. As a group, sell-side analysts forecast that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders 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

Several brokerages recently commented on HUBG. TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a "hold" 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. Evercore ISI lifted 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 note on Thursday, October 3rd. Benchmark reiterated a "buy" rating and set a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Finally, Barclays raised their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $46.83.

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.