Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Swiss National Bank

Swiss National Bank decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,600 shares of the transportation company’s stock after selling 1,800 shares during the quarter. Swiss National Bank owned approximately 0.19% of Hub Group worth $5,481,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. boosted its position in shares of Hub Group by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock valued at $101,450,000 after acquiring an additional 8,700 shares during the last quarter. Select Equity Group L.P. boosted its position in shares of Hub Group by 19.4% during the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after acquiring an additional 298,390 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Hub Group by 6.1% during the 2nd 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 during the last quarter. Principal Financial Group Inc. boosted its position in shares of Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Hub Group by 1.8% during the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock valued at $29,092,000 after acquiring an additional 11,615 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Down 1.4 %

HUBG stock opened at $51.69 on Thursday. The company’s 50 day moving average price is $45.82 and its 200 day moving average price is $44.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group, Inc. has a fifty-two week low of $36.88 and a fifty-two week high of $53.21. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 29.37 and a beta of 0.89.

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

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.97%. Hub Group’s payout ratio is 28.41%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HUBG. UBS Group boosted their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. Susquehanna reduced their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Stifel Nicolaus reduced their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, Barclays boosted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average target price of $46.83.

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.