MQS Management LLC Invests $537,000 in Hub Group, Inc. (NASDAQ:HUBG)

MQS Management LLC bought a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 11,814 shares of the transportation company's stock, valued at approximately $537,000.

A number of other institutional investors also recently made changes to their positions in HUBG. Vanguard Group Inc. raised its position in shares of Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company's stock valued at $297,523,000 after purchasing an additional 3,427,047 shares in the last quarter. Select Equity Group L.P. raised its position in shares of 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 acquiring an additional 298,390 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Hub Group during the 1st quarter valued at approximately $5,843,000. Point72 Asset Management L.P. acquired a new stake in shares of Hub Group during the 2nd quarter valued at approximately $4,680,000. Finally, Principal Financial Group Inc. raised its position in shares of Hub Group by 14.3% during the 3rd 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. 46.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Benchmark reissued a "buy" rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Susquehanna lowered their price objective 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. Stifel Nicolaus lowered their price objective on Hub Group from $45.00 to $43.00 and set a "buy" rating for the company in a research note on Tuesday, August 6th. Barclays upped their price objective on Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, TD Cowen upped their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $46.83.

Hub Group Trading Down 0.5 %

NASDAQ HUBG traded down $0.27 on Thursday, reaching $49.88. The company had a trading volume of 614,598 shares, compared to its average volume of 451,497. The stock's 50 day moving average is $44.71 and its 200-day moving average is $43.92. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 28.51 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 52 week low of $36.88 and a 52 week high of $50.62.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the company posted $0.49 earnings per share. The firm's revenue was down 3.7% on a year-over-year basis. Equities analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. Hub Group's dividend payout ratio (DPR) is currently 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.