Pacer Advisors Inc. Has $87.70 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Pacer Advisors Inc. lessened its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 18.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,929,513 shares of the transportation company’s stock after selling 427,051 shares during the quarter. Pacer Advisors Inc.’s holdings in Hub Group were worth $87,696,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its stake in Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after purchasing an additional 3,427,047 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of 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 valued at $79,055,000 after purchasing an additional 298,390 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Hub Group in the 2nd quarter worth about $4,680,000. Principal Financial Group Inc. grew its holdings in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Hub Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock valued at $56,919,000 after purchasing an additional 76,431 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

HUBG opened at $49.95 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.07 billion, a P/E ratio of 28.38 and a beta of 0.89. The stock has a 50-day moving average price of $45.39 and a 200-day moving average price of $44.26. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $50.85.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays raised their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. UBS Group increased their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Cowen increased their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Susquehanna decreased their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, Evercore ISI lifted their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus price target of $46.83.

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.