Edgestream Partners L.P. Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

Edgestream Partners L.P. acquired a new position in Hub Group, Inc. (NASDAQ:HUBG) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 70,682 shares of the transportation company’s stock, valued at approximately $3,212,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Hub Group during the second quarter worth $26,000. GAMMA Investing LLC lifted its holdings in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Hub Group in the 2nd quarter worth about $34,000. Innealta Capital LLC purchased a new position in Hub Group during the 2nd quarter valued at about $70,000. Finally, Gladius Capital Management LP bought a new stake in shares of Hub Group during the second quarter valued at about $94,000. 46.77% of the stock is owned by institutional investors.

Hub Group Stock Down 0.1 %

HUBG opened at $51.64 on Monday. The stock has a market cap of $3.17 billion, a PE ratio of 29.34 and a beta of 0.89. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 52 week low of $37.35 and a 52 week high of $53.21. The business’s fifty day simple moving average is $46.17 and its 200 day simple moving average is $44.62.

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

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 0.97%. Hub Group’s payout ratio is 28.41%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays boosted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. 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. TD Cowen upped their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of Hub Group in a report on Friday, November 1st. Finally, Evercore ISI upped their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $46.83.

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.