Verition Fund Management LLC Has $4.85 Million Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Verition Fund Management LLC grew its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 58.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 106,683 shares of the transportation company's stock after acquiring an additional 39,377 shares during the quarter. Verition Fund Management LLC owned about 0.17% of Hub Group worth $4,849,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Family Firm Inc. acquired a new position in Hub Group during the 2nd quarter valued at about $26,000. GAMMA Investing LLC boosted its position in shares of Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock valued at $32,000 after purchasing an additional 280 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of Hub Group during the second quarter valued at approximately $34,000. Innealta Capital LLC purchased a new stake in shares of Hub Group in the 2nd quarter valued at approximately $70,000. Finally, Gladius Capital Management LP purchased a new stake in shares of Hub Group in the 2nd quarter valued at approximately $94,000. Institutional investors own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Susquehanna cut their target price on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research note on Friday, November 1st. TD Cowen raised their price target 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. Evercore ISI upped their price objective on shares of Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Benchmark reissued a "buy" rating and set a $47.00 target price on shares of Hub Group in a research note on Friday, November 1st. Finally, Stifel Nicolaus dropped their price target on shares of 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $46.83.

Hub Group Stock Performance

HUBG traded down $0.48 during midday trading on Tuesday, reaching $51.47. The company's stock had a trading volume of 471,233 shares, compared to its average volume of 467,939. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month high of $53.21. The stock has a market cap of $3.16 billion, a P/E ratio of 29.24 and a beta of 0.92. The company has a fifty day simple moving average of $46.31 and a 200 day simple moving average of $44.69. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

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

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 0.97%. Hub Group's dividend payout ratio (DPR) is 28.41%.

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.