Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 5.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 48,371 shares of the transportation company’s stock after selling 2,883 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Hub Group were worth $2,198,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Family Firm Inc. acquired a new stake in Hub Group during the second quarter valued at approximately $26,000. GAMMA Investing LLC raised its position in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $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 2nd quarter worth approximately $34,000. Innealta Capital LLC acquired a new stake in shares of Hub Group during the 2nd quarter worth approximately $70,000. Finally, Gladius Capital Management LP acquired a new stake in shares of Hub Group during the 2nd quarter worth approximately $94,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

HUBG has been the subject of a number of recent analyst reports. Susquehanna decreased their price objective 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 increased their price target on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Stifel Nicolaus reduced their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. TD Cowen raised their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. raised their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.83.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $51.69 on Thursday. 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, Inc. has a 1 year low of $36.88 and a 1 year high of $53.21. The business has a fifty day simple moving average of $45.82 and a 200 day simple moving average of $44.46. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 29.37 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating 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 company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $0.49 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

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 given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Friday, December 6th. 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.