8,179 Shares in Hub Group, Inc. (NASDAQ:HUBG) Acquired by FORA Capital LLC

FORA Capital LLC bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the third quarter, HoldingsChannel reports. The institutional investor bought 8,179 shares of the transportation company’s stock, valued at approximately $372,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HUBG. Price T Rowe Associates Inc. MD lifted its stake in shares of Hub Group by 111.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after purchasing an additional 22,542 shares during the period. Public Employees Retirement Association of Colorado lifted its stake in shares of Hub Group by 81.8% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 7,721 shares of the transportation company’s stock worth $334,000 after purchasing an additional 3,475 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Hub Group during the 1st quarter worth $352,000. California State Teachers Retirement System lifted its stake in shares of Hub Group by 90.6% during the 1st quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company’s stock worth $2,732,000 after purchasing an additional 30,052 shares during the period. Finally, Tidal Investments LLC lifted its stake in shares of Hub Group by 73.2% during the 1st quarter. Tidal Investments LLC now owns 18,462 shares of the transportation company’s stock worth $798,000 after purchasing an additional 7,804 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 0.1 %

Shares of NASDAQ HUBG opened at $51.64 on Friday. Hub Group, Inc. has a 12-month low of $37.35 and a 12-month high of $53.21. The company has a market cap of $3.17 billion, a P/E ratio of 29.13 and a beta of 0.89. 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 fifty day moving average price of $46.05 and a 200 day moving average price of $44.56.

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

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid 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 dividend yield of 0.97%. Hub Group’s dividend payout ratio is presently 28.41%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays increased their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Evercore ISI increased their target price on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. UBS Group increased their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Finally, Susquehanna cut their target price on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.83.

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.