Dynamic Technology Lab Private Ltd Reduces Position in Hub Group, Inc. (NASDAQ:HUBG)

Dynamic Technology Lab Private Ltd lowered its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 11.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,319 shares of the transportation company’s stock after selling 3,591 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Hub Group were worth $1,242,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the business. Citigroup Inc. grew its holdings in Hub Group by 54.0% during the 3rd quarter. Citigroup Inc. now owns 117,083 shares of the transportation company’s stock worth $5,321,000 after acquiring an additional 41,046 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Hub Group by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after buying an additional 23,470 shares during the last quarter. Intech Investment Management LLC raised its stake in Hub Group by 70.4% during the third quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company’s stock valued at $887,000 after buying an additional 8,064 shares in the last quarter. Segall Bryant & Hamill LLC lifted its holdings in Hub Group by 4.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 366,736 shares of the transportation company’s stock worth $16,668,000 after buying an additional 13,976 shares during the last quarter. Finally, Natixis Advisors LLC grew its position in shares of Hub Group by 5.5% in the 3rd quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock worth $908,000 after acquiring an additional 1,036 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HUBG. Barclays raised their price objective on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Evercore ISI lifted their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus dropped their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Ten investment 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, Hub Group has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Trading Down 1.4 %

NASDAQ:HUBG opened at $52.44 on Wednesday. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 29.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group, Inc. has a 1 year low of $36.88 and a 1 year high of $53.21. The business has a fifty day moving average of $45.68 and a 200-day moving average of $44.40.

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

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 0.95%. Hub Group’s payout ratio 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.