Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP cut its stake in Hub Group, Inc. (NASDAQ:HUBG) by 40.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,322 shares of the transportation company’s stock after selling 16,093 shares during the quarter. GSA Capital Partners LLP’s holdings in Hub Group were worth $1,060,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of HUBG. Family Firm Inc. acquired a new position in Hub Group in the second quarter valued at approximately $26,000. GAMMA Investing LLC lifted its holdings in Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 280 shares during the period. Point72 Hong Kong Ltd acquired a new position in Hub Group in the second quarter valued at approximately $34,000. EntryPoint Capital LLC acquired a new position in shares of Hub Group during the 1st quarter worth approximately $52,000. Finally, Headlands Technologies LLC raised its stake in shares of Hub Group by 179.1% during the 1st quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company’s stock worth $65,000 after buying an additional 960 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBG has been the subject of several research analyst reports. Susquehanna reduced 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. Barclays upped their target price on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group upped their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. upped their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note 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’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $46.83.

Hub Group Stock Down 0.4 %

Shares of NASDAQ:HUBG opened at $49.66 on Friday. 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 fifty day moving average of $44.90 and a two-hundred day moving average of $44.02. The stock has a market cap of $3.05 billion, a P/E ratio of 28.22 and a beta of 0.89. Hub Group, Inc. has a 52-week low of $36.88 and a 52-week high of $50.83.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. On average, research analysts expect that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently declared 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is presently 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.