Crossmark Global Holdings Inc. Acquires New Position in Hub Group, Inc. (NASDAQ:HUBG)

Crossmark Global Holdings Inc. bought a new position in Hub Group, Inc. (NASDAQ:HUBG) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,488 shares of the transportation company’s stock, valued at approximately $204,000.

Other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Hub Group during the 1st quarter worth about $244,000. Sei Investments Co. lifted its stake in Hub Group by 102.9% in the first quarter. Sei Investments Co. now owns 28,085 shares of the transportation company’s stock valued at $1,214,000 after acquiring an additional 14,241 shares during the last quarter. Russell Investments Group Ltd. grew its position in Hub Group by 73.6% in the first quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company’s stock worth $1,139,000 after acquiring an additional 11,171 shares in the last quarter. US Bancorp DE increased its stake in shares of Hub Group by 112.4% during the 1st quarter. US Bancorp DE now owns 20,514 shares of the transportation company’s stock worth $887,000 after purchasing an additional 10,854 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Hub Group by 114.8% during the 1st quarter. ProShare Advisors LLC now owns 12,667 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 6,770 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on HUBG. Barclays increased their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna lowered their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Evercore ISI boosted their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. increased their price target on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, TD Cowen boosted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.83.

Hub Group Stock Up 0.7 %

HUBG stock opened at $50.03 on Tuesday. The business’s 50-day simple moving average is $45.03 and its 200 day simple moving average is $44.13. 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 company has a market cap of $3.07 billion, a PE ratio of 28.43 and a beta of 0.89. Hub Group, Inc. has a twelve month low of $36.88 and a twelve month high of $50.83.

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

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

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.