Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 82.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,930 shares of the transportation company's stock after selling 32,735 shares during the period. Quest Partners LLC's holdings in Hub Group were worth $315,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD grew its holdings in shares of Hub Group by 111.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company's stock worth $1,850,000 after purchasing an additional 22,542 shares during the last quarter. Comerica Bank lifted its stake in Hub Group by 84.5% in the first quarter. Comerica Bank now owns 26,627 shares of the transportation company's stock valued at $1,151,000 after buying an additional 12,196 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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 during the period. California State Teachers Retirement System boosted its holdings in shares of Hub Group by 90.6% in the first quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company's stock valued at $2,732,000 after acquiring an additional 30,052 shares during the period. Finally, American International Group Inc. grew its position in shares of Hub Group by 98.2% during the first quarter. American International Group Inc. now owns 33,893 shares of the transportation company's stock worth $1,465,000 after acquiring an additional 16,795 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Cowen upped their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a research report on Thursday, October 31st. Barclays upped their target price on shares of Hub Group from $42.00 to $52.00 and gave the company an "equal weight" rating in a report on Wednesday, November 13th. Benchmark reissued a "buy" rating and set a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Stifel Nicolaus reduced 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. Finally, UBS Group increased their price objective on Hub Group from $42.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $46.83.

Hub Group Price Performance

Shares of HUBG traded down $0.76 on Tuesday, reaching $52.44. The stock had a trading volume of 658,835 shares, compared to its average volume of 468,663. Hub Group, Inc. has a twelve month low of $36.88 and a twelve month high of $53.21. The firm has a market capitalization of $3.22 billion, a PE ratio of 29.80 and a beta of 0.89. The firm has a 50-day moving average of $45.68 and a 200 day moving average of $44.40. 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 (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 7.44% and a net margin of 2.74%. The business's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.49 earnings per share. Sell-side analysts expect that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.95%. Hub Group's dividend payout ratio is presently 28.41%.

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.