XTX Topco Ltd Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

XTX Topco Ltd purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 10,575 shares of the transportation company's stock, valued at approximately $481,000.

Several other institutional investors have also modified their holdings of HUBG. State Street Corp grew its stake in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock worth $113,148,000 after purchasing an additional 20,215 shares in the last quarter. Pacer Advisors Inc. grew its position in shares of Hub Group by 0.4% during the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company's stock worth $101,450,000 after buying an additional 8,700 shares in the last quarter. Select Equity Group L.P. increased its stake in shares of 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 during the period. American Century Companies Inc. raised its holdings in Hub Group by 6.1% in 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 in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after acquiring an additional 97,768 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on HUBG. Benchmark restated a "buy" rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Susquehanna lowered their price target on Hub Group from $50.00 to $48.00 and set a "neutral" rating for the company in a report on Friday, November 1st. Barclays raised their price objective 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. TD Cowen upped their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Finally, Evercore ISI lifted their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. 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 company currently has an average rating of "Hold" and an average target price of $46.83.

Hub Group Stock Performance

NASDAQ:HUBG traded down $0.81 during midday trading on Friday, reaching $49.12. The stock had a trading volume of 334,180 shares, compared to its average volume of 465,866. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.01 billion, a P/E ratio of 27.91 and a beta of 0.92. The firm has a fifty day simple moving average of $47.36 and a two-hundred day simple moving average of $45.17. Hub Group, Inc. has a 12-month low of $38.07 and a 12-month high of $53.21.

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 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%. The business's revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.49 earnings per share. On average, equities 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 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 dividend yield of 1.02%. Hub Group's dividend payout ratio is currently 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.