MQS Management LLC Buys New Position in Hub Group, Inc. (NASDAQ:HUBG)

MQS Management LLC bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,985 shares of the transportation company’s stock, valued at approximately $215,000.

Other hedge funds have also recently made changes to their positions in the company. Illinois Municipal Retirement Fund raised its stake in shares of Hub Group by 105.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 18,023 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Hub Group by 102.0% in the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after purchasing an additional 52,986 shares in the last quarter. CWM LLC boosted its holdings in Hub Group by 3,141.7% during the 1st quarter. CWM LLC now owns 31,866 shares of the transportation company’s stock valued at $1,377,000 after acquiring an additional 30,883 shares during the period. Victory Capital Management Inc. boosted its holdings in Hub Group by 7.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock valued at $165,602,000 after acquiring an additional 125,924 shares during the period. Finally, Cardinal Capital Management boosted its holdings in Hub Group by 144.0% during the 1st quarter. Cardinal Capital Management now owns 39,510 shares of the transportation company’s stock valued at $1,708,000 after acquiring an additional 23,317 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HUBG. Benchmark restated a “buy” rating and set a $49.00 target price on shares of Hub Group in a report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their price objective on Hub Group from $44.00 to $43.00 and set a “neutral” rating for the company in a report on Tuesday, July 9th. Evercore ISI reiterated an “in-line” rating and issued a $44.00 price objective on shares of Hub Group in a report on Tuesday, June 25th. BMO Capital Markets dropped their price objective on Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Finally, TD Cowen lowered Hub Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $45.38.

Hub Group Stock Up 3.2 %

HUBG traded up $1.42 during trading on Thursday, hitting $45.81. 499,770 shares of the company’s stock traded hands, compared to its average volume of 448,621. The company’s 50 day simple moving average is $43.32 and its two-hundred day simple moving average is $43.08. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. Hub Group, Inc. has a 12-month low of $31.73 and a 12-month high of $47.58. The stock has a market capitalization of $2.85 billion, a price-to-earnings ratio of 21.76 and a beta of 0.90.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. Analysts predict that Hub Group, Inc. will post 2.02 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.50 annualized dividend and a yield of 1.09%. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

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.