Hub Group, Inc. (NASDAQ:HUBG) Stake Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,126 shares of the transportation company's stock after selling 20,646 shares during the period. State of New Jersey Common Pension Fund D owned 0.07% of Hub Group worth $1,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HUBG. Norges Bank acquired a new stake in shares of Hub Group in the 4th quarter worth about $31,439,000. Trexquant Investment LP increased its stake in shares of Hub Group by 336.9% in the fourth quarter. Trexquant Investment LP now owns 16,122 shares of the transportation company's stock valued at $1,482,000 after purchasing an additional 12,432 shares during the period. Quest Partners LLC bought a new stake in shares of Hub Group during the fourth quarter valued at approximately $201,000. Hsbc Holdings PLC boosted its position in shares of Hub Group by 5.6% during the fourth quarter. Hsbc Holdings PLC now owns 13,696 shares of the transportation company's stock worth $1,264,000 after buying an additional 725 shares during the period. Finally, TFO Wealth Partners LLC boosted its position in shares of Hub Group by 56,400.0% during the fourth quarter. TFO Wealth Partners LLC now owns 2,825 shares of the transportation company's stock worth $260,000 after buying an additional 2,820 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Stock Performance

HUBG opened at $45.66 on Monday. The business has a fifty day simple moving average of $44.53 and a 200-day simple moving average of $43.06. The firm has a market cap of $2.85 billion, a PE ratio of 21.74 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group, Inc. has a fifty-two week low of $31.73 and a fifty-two week high of $48.39.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting analysts' consensus estimates of $0.47. The firm had revenue of $986.50 million for the quarter, compared to analysts' expectations of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. Hub Group's revenue was down 5.2% on a year-over-year basis. During the same quarter last year, the business posted $0.72 EPS. As a group, equities analysts predict that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be given a $0.125 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.10%. Hub Group's dividend payout ratio (DPR) is presently 23.81%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Stifel Nicolaus lowered their target price on Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research report on Tuesday, August 6th. Evercore ISI reissued an "in-line" rating and set a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. TD Cowen downgraded shares of Hub Group from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. UBS Group boosted their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, Susquehanna decreased their price objective on shares of Hub Group from $45.00 to $44.00 and set a "neutral" rating for the company in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and four have given 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 $45.19.

Hub Group 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.