FORA Capital LLC Makes New $372,000 Investment in Hub Group, Inc. (NASDAQ:HUBG)

FORA Capital LLC purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,179 shares of the transportation company’s stock, valued at approximately $372,000.

A number of other institutional investors also recently bought and sold shares of the business. Pacer Advisors Inc. lifted its holdings in Hub Group by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock worth $101,450,000 after buying an additional 8,700 shares during the last quarter. Select Equity Group L.P. lifted its holdings in shares of Hub Group by 19.4% in the 2nd 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. American Century Companies Inc. lifted its holdings in shares of 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 last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Hub Group by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after purchasing an additional 23,470 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on HUBG shares. UBS Group boosted their target price on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. TD Cowen upped their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus reduced their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Stock Performance

NASDAQ HUBG opened at $51.64 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 business’s 50 day moving average is $46.05 and its two-hundred day moving average is $44.56. Hub Group, Inc. has a 12-month low of $37.35 and a 12-month high of $53.21. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 29.13 and a beta of 0.89.

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

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, December 6th. Hub Group’s dividend payout ratio is currently 28.41%.

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.