Edgestream Partners L.P. Makes New $3.21 Million Investment in Hub Group, Inc. (NASDAQ:HUBG)

Edgestream Partners L.P. acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 70,682 shares of the transportation company’s stock, valued at approximately $3,212,000. Edgestream Partners L.P. owned approximately 0.12% of Hub Group as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HUBG. Price T Rowe Associates Inc. MD increased its stake in Hub Group by 111.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock valued at $1,850,000 after purchasing an additional 22,542 shares in the last quarter. Comerica Bank boosted its position in shares of Hub Group by 84.5% during the 1st quarter. Comerica Bank now owns 26,627 shares of the transportation company’s stock worth $1,151,000 after purchasing an additional 12,196 shares in the last quarter. Principal Financial Group Inc. boosted 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 worth $35,608,000 after purchasing an additional 97,768 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Hub Group by 90.6% during the 1st quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company’s stock worth $2,732,000 after purchasing an additional 30,052 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in shares of Hub Group by 53.7% during the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company’s stock worth $5,065,000 after purchasing an additional 41,119 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Evercore ISI increased their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research report on Friday, November 1st. Stifel Nicolaus cut their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Susquehanna cut their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen raised their price target 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. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average target price of $46.83.

Hub Group Trading Down 0.1 %

NASDAQ HUBG opened at $51.64 on Monday. The business’s fifty day moving average is $46.17 and its 200-day moving average is $44.62. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 29.34 and a beta of 0.89. Hub Group, Inc. has a one year low of $37.35 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping 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 business had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a dividend of $0.125 per share. 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.