Brevan Howard Capital Management LP Purchases 2,386 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Brevan Howard Capital Management LP boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 46.4% during the 4th quarter, Holdings Channel reports. The fund owned 7,525 shares of the transportation company’s stock after buying an additional 2,386 shares during the period. Brevan Howard Capital Management LP’s holdings in Hub Group were worth $335,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 1,142 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 1,679 shares during the period. Blue Trust Inc. raised its position in shares of Hub Group by 24.8% in the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after acquiring an additional 450 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after purchasing an additional 670 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $33.23 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.13. The firm’s 50 day simple moving average is $34.83 and its 200-day simple moving average is $41.98. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The company had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The firm’s revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business earned $0.44 earnings per share. Analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.50%. Hub Group’s payout ratio is 29.41%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Benchmark cut their target price on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a research note on Friday. Stifel Nicolaus upped their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. TD Cowen dropped their target price on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average price target of $44.24.

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.