Hub Group, Inc. (NASDAQ:HUBG) Holdings Decreased by Pacer Advisors Inc.

Pacer Advisors Inc. cut its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 18.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,929,513 shares of the transportation company's stock after selling 427,051 shares during the quarter. Pacer Advisors Inc. owned about 3.14% of Hub Group worth $87,696,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HUBG. Vanguard Group Inc. grew its stake in 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 acquiring an additional 3,427,047 shares during the last quarter. Select Equity Group L.P. increased its position in Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock worth $79,055,000 after buying an additional 298,390 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in shares of Hub Group in the second quarter worth $4,680,000. Principal Financial Group Inc. lifted its position in shares of Hub Group by 14.3% in 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. Finally, American Century Companies Inc. boosted its stake in shares of Hub Group by 6.1% during the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company's stock valued at $56,919,000 after acquiring an additional 76,431 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Up 2.1 %

Hub Group stock traded up $1.06 during midday trading on Friday, hitting $51.01. 749,440 shares of the stock were exchanged, compared to its average volume of 465,684. The company has a 50 day moving average price of $45.51 and a two-hundred day moving average price of $44.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market cap of $3.13 billion, a P/E ratio of 28.98 and a beta of 0.89. Hub Group, Inc. has a 1 year low of $36.88 and a 1 year high of $51.11.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results 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 firm 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 business posted $0.49 earnings per share. Hub Group's revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group's dividend payout ratio is currently 28.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on HUBG shares. Susquehanna cut their target price on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a research note on Friday, November 1st. UBS Group lifted their target price on shares of Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, August 2nd. Barclays raised their price objective on Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. 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 note on Thursday, October 31st. Finally, Stifel Nicolaus decreased their price target on Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price 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.