Verition Fund Management LLC Boosts Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Verition Fund Management LLC boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 58.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,683 shares of the transportation company’s stock after acquiring an additional 39,377 shares during the period. Verition Fund Management LLC owned 0.17% of Hub Group worth $4,849,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. raised its holdings in shares of Hub Group by 0.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock worth $101,450,000 after purchasing an additional 8,700 shares during the period. Select Equity Group L.P. increased its position in Hub Group by 19.4% in the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after buying an additional 298,390 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Hub Group by 6.1% in the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after buying an additional 76,431 shares during the period. Principal Financial Group Inc. lifted 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 buying an additional 97,768 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Hub Group by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock worth $30,157,000 after acquiring an additional 23,470 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on HUBG shares. Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Barclays boosted their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna cut their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, November 1st. TD Cowen boosted their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Evercore ISI raised their price target on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.83.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $51.95 on Tuesday. The stock’s 50-day simple moving average is $46.17 and its two-hundred day simple moving average is $44.63. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month high of $53.21. The firm has a market capitalization of $3.19 billion, a P/E ratio of 29.34 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

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

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

About Hub Group

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.