Quest Partners LLC Decreases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Quest Partners LLC reduced its position in Hub Group, Inc. (NASDAQ:HUBG) by 82.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,930 shares of the transportation company’s stock after selling 32,735 shares during the quarter. Quest Partners LLC’s holdings in Hub Group were worth $315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of HUBG. Family Firm Inc. purchased a new stake in Hub Group in the second quarter worth $26,000. GAMMA Investing LLC increased its position in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Hub Group in the second quarter valued at $34,000. Innealta Capital LLC purchased a new position in shares of Hub Group in the second quarter valued at $70,000. Finally, Gladius Capital Management LP purchased a new position in shares of Hub Group in the second quarter valued at $94,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Up 4.3 %

Shares of HUBG stock opened at $53.20 on Tuesday. 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 business has a 50-day moving average price of $45.68 and a two-hundred day moving average price of $44.40. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $53.21. The firm has a market cap of $3.26 billion, a P/E ratio of 30.23 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) 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 return on equity of 7.44% and a net margin of 2.74%. The firm had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $0.49 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal 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 paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.94%. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Susquehanna reduced their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus reduced their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. UBS Group lifted their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Company 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.