Point72 Asset Management L.P. Has $2.82 Million Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Point72 Asset Management L.P. boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 486.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 63,380 shares of the transportation company’s stock after purchasing an additional 52,580 shares during the quarter. Point72 Asset Management L.P. owned about 0.10% of Hub Group worth $2,824,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBG. Nomura Asset Management Co. Ltd. raised its stake in Hub Group by 48.4% in 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 raised its stake in Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,142 shares in the last quarter. Sterling Capital Management LLC raised its stake in Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock worth $84,000 after acquiring an additional 1,679 shares in the last quarter. Blue Trust Inc. raised its stake in Hub Group by 24.8% during the fourth 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 raised its stake in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on HUBG shares. Stifel Nicolaus boosted their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Susquehanna lowered their target price 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. Barclays lowered their target price on Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Benchmark lowered their target price on Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a research note on Friday, May 9th. Finally, TD Cowen lowered their target price on Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Six 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.com, the company has an average rating of “Hold” and a consensus target price of $43.68.

Hub Group Stock Performance

NASDAQ:HUBG opened at $35.50 on Wednesday. The stock has a market cap of $2.17 billion, a P/E ratio of 20.88 and a beta of 1.13. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average is $34.46 and its 200-day moving average is $41.61. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.02. The company had revenue of $915.22 million for the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The business’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Equities research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group’s payout ratio is presently 29.41%.

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.