Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Seizert Capital Partners LLC

Seizert Capital Partners LLC reduced its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,917 shares of the transportation company’s stock after selling 645 shares during the period. Seizert Capital Partners LLC’s holdings in Hub Group were worth $3,450,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Hub Group by 99.1% during the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after buying an additional 3,427,047 shares during the period. Select Equity Group L.P. raised its position in 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 period. Point72 Asset Management L.P. acquired a new position in shares of Hub Group in the 2nd quarter valued at $4,680,000. Principal Financial Group Inc. grew its holdings 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 during the period. Finally, American Century Companies Inc. increased its position in shares of Hub Group by 6.1% during the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after purchasing an additional 76,431 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Down 0.4 %

Shares of NASDAQ:HUBG opened at $49.66 on Friday. Hub Group, Inc. has a fifty-two week low of $36.88 and a fifty-two week high of $50.83. The firm’s 50 day moving average price is $44.90 and its 200 day moving average price is $44.05. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data 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. The business had revenue of $986.89 million during 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 company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. As a group, equities research analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. Hub Group’s payout ratio is currently 28.41%.

Wall Street Analyst Weigh In

A number of research firms have commented on HUBG. Stifel Nicolaus decreased their target price 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. Barclays upped their price objective on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Finally, Susquehanna cut their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. 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, Hub Group has a consensus rating of “Hold” and an average target price 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.