Gladius Capital Management LP Invests $94,000 in Hub Group, Inc. (NASDAQ:HUBG)

Gladius Capital Management LP acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the 2nd quarter, HoldingsChannel reports. The fund acquired 2,175 shares of the transportation company’s stock, valued at approximately $94,000.

Several other large investors also recently modified their holdings of HUBG. Silicon Valley Capital Partners grew its position in Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 334 shares during the period. Fidelis Capital Partners LLC acquired a new stake in Hub Group in the 1st quarter valued at $38,000. Versant Capital Management Inc grew its position in Hub Group by 109.2% in the 1st quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 572 shares during the period. Finally, EntryPoint Capital LLC acquired a new stake in Hub Group in the 1st quarter valued at $52,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analysts Set New Price Targets

HUBG has been the subject of several research reports. Stephens reduced their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Friday, April 26th. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Stifel Nicolaus dropped their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. UBS Group raised their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, JPMorgan Chase & Co. raised their price objective on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and an average price target of $45.35.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded down $0.15 during midday trading on Friday, reaching $43.24. The company had a trading volume of 217,553 shares, compared to its average volume of 447,731. The company’s 50 day moving average price is $43.59 and its 200 day moving average price is $42.93. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. The stock has a market cap of $2.69 billion, a P/E ratio of 20.59 and a beta of 0.89. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $48.39.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. The company had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.72 EPS. As a group, sell-side analysts anticipate that Hub Group, Inc. will post 2.02 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, June 7th. Hub Group’s dividend payout ratio (DPR) is presently 23.81%.

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.