Segall Bryant & Hamill LLC lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 4.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 366,736 shares of the transportation company's stock after acquiring an additional 13,976 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.59% of Hub Group worth $16,668,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Hub Group during the first quarter worth approximately $244,000. Sei Investments Co. lifted its stake in Hub Group by 102.9% in the first quarter. Sei Investments Co. now owns 28,085 shares of the transportation company's stock worth $1,214,000 after purchasing an additional 14,241 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Hub Group by 73.6% in the first quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company's stock worth $1,139,000 after purchasing an additional 11,171 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in Hub Group by 39.5% during the first quarter. State Board of Administration of Florida Retirement System now owns 12,956 shares of the transportation company's stock valued at $560,000 after buying an additional 3,670 shares during the period. Finally, Blair William & Co. IL grew its stake in shares of Hub Group by 100.2% during the first quarter. Blair William & Co. IL now owns 16,897 shares of the transportation company's stock valued at $730,000 after buying an additional 8,457 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.
Hub Group Trading Up 0.5 %
HUBG opened at $50.25 on Thursday. 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 $50.83. The stock has a market cap of $3.08 billion, a PE ratio of 28.55 and a beta of 0.89. The business has a 50 day moving average of $45.27 and a 200-day moving average of $44.22.
Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company's revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share. Equities research analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.
Hub Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. Hub Group's payout ratio is 28.41%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on HUBG shares. Susquehanna lowered their target price 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. Benchmark reissued a "buy" rating and set a $47.00 price objective on shares of Hub Group 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. TD Cowen increased 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. Finally, Barclays raised their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a report on Wednesday, November 13th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $46.83.
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About Hub Group
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Free Report)
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.
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