Royce & Associates LP Buys 11,615 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Royce & Associates LP grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 640,093 shares of the transportation company's stock after acquiring an additional 11,615 shares during the period. Royce & Associates LP owned 1.03% of Hub Group worth $29,092,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in HUBG. Family Firm Inc. purchased a new stake in shares of Hub Group in the second quarter worth about $26,000. GAMMA Investing LLC lifted its stake in Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in Hub Group in the 2nd quarter worth approximately $34,000. EntryPoint Capital LLC bought a new position in Hub Group in the 1st quarter valued at $52,000. Finally, Headlands Technologies LLC grew its position in shares of Hub Group by 179.1% during the 1st quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company's stock valued at $65,000 after purchasing an additional 960 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Down 0.4 %

Shares of NASDAQ HUBG traded down $0.22 during mid-day trading on Friday, hitting $49.66. 1,268,105 shares of the stock traded hands, compared to its average volume of 455,253. The stock has a fifty day moving average price of $44.90 and a 200-day moving average price of $44.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.89. Hub Group, Inc. has a 52 week low of $36.88 and a 52 week high of $50.83.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.49 EPS. Hub Group's quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid 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 1.01%. Hub Group's payout ratio is currently 28.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Hub Group from $43.00 to $51.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. TD Cowen boosted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Susquehanna dropped their target price on Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Evercore ISI raised their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a report on Thursday, October 3rd. Finally, UBS Group upped their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus 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.