Mutual of America Capital Management LLC Has $421,000 Stake in Hub Group, Inc. (NASDAQ:HUBG)

Mutual of America Capital Management LLC decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,265 shares of the transportation company’s stock after selling 883 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Hub Group were worth $421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBG. Natixis Advisors LLC boosted its holdings in Hub Group by 5.5% during the third quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock worth $908,000 after buying an additional 1,036 shares during the last quarter. Royce & Associates LP raised its position in shares of Hub Group by 1.8% during the third quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after purchasing an additional 11,615 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of Hub Group by 44.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock valued at $305,000 after purchasing an additional 2,061 shares during the period. MQS Management LLC bought a new stake in Hub Group during the 3rd quarter worth approximately $537,000. Finally, Entropy Technologies LP acquired a new stake in Hub Group during the 3rd quarter worth approximately $445,000. 46.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

HUBG has been the topic of a number of research analyst reports. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. TD Cowen raised their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Barclays increased their price objective on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Susquehanna decreased their price target 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. Finally, JPMorgan Chase & Co. upped 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group presently has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Stock Performance

Shares of HUBG stock opened at $51.69 on Thursday. The company has a 50-day simple moving average of $45.82 and a 200 day simple moving average of $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. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 29.37 and a beta of 0.89. Hub Group, Inc. has a 52 week low of $36.88 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG) last announced 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. The company had revenue of $986.89 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. On average, sell-side analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is 28.41%.

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.