AlphaQuest LLC Lowers Position in Hub Group, Inc. (NASDAQ:HUBG)

AlphaQuest LLC decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 23.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,282 shares of the transportation company’s stock after selling 1,648 shares during the period. AlphaQuest LLC’s holdings in Hub Group were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Amundi increased its holdings in shares of Hub Group by 51.2% during the 4th quarter. Amundi now owns 48,043 shares of the transportation company’s stock worth $2,122,000 after buying an additional 16,267 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Hub Group by 77.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 8,268 shares of the transportation company’s stock worth $368,000 after purchasing an additional 3,614 shares during the period. Edgestream Partners L.P. lifted its stake in shares of Hub Group by 4.5% in the 4th quarter. Edgestream Partners L.P. now owns 73,898 shares of the transportation company’s stock valued at $3,293,000 after purchasing an additional 3,216 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its holdings in shares of Hub Group by 6.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 7,551 shares of the transportation company’s stock worth $336,000 after purchasing an additional 462 shares during the period. Finally, Inceptionr LLC increased its position in Hub Group by 15.5% during the 4th quarter. Inceptionr LLC now owns 6,123 shares of the transportation company’s stock worth $273,000 after purchasing an additional 820 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on HUBG shares. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a research note on Friday, January 3rd. Benchmark boosted their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus lifted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 target price for the company. Finally, Barclays dropped their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.82.

Hub Group Trading Up 1.5 %

NASDAQ HUBG opened at $37.08 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a one year low of $36.34 and a one year high of $53.21. The company has a 50-day simple moving average of $42.62 and a 200-day simple moving average of $44.99. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.81 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s payout ratio is 29.41%.

Hub Group 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.