Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 10.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,178,803 shares of the transportation company’s stock after selling 388,639 shares during the quarter. Victory Capital Management Inc. owned about 5.11% of Hub Group worth $144,477,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HUBG. Vanguard Group Inc. boosted its position in shares of Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares in the last quarter. Select Equity Group L.P. increased its stake 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 in the last quarter. Edgestream Partners L.P. purchased a new position in shares of Hub Group in the 1st quarter valued at about $5,843,000. Point72 Asset Management L.P. purchased a new position in shares of Hub Group in the 2nd quarter valued at about $4,680,000. Finally, Principal Financial Group Inc. increased its stake in 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 buying an additional 97,768 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on HUBG shares. Susquehanna cut their price objective on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Barclays boosted their target price on Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, October 31st. UBS Group boosted their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus lowered their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Finally, TD Cowen boosted their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Ten 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 stock has an average rating of “Hold” and an average target price of $46.00.

Hub Group Stock Down 1.3 %

NASDAQ:HUBG opened at $49.30 on Wednesday. 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’s fifty day moving average is $44.62 and its two-hundred day moving average is $43.87. Hub Group, Inc. has a 52 week low of $35.28 and a 52 week high of $50.20. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 28.01 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly 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. 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 period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue was down 3.7% compared to the same quarter last year. Research analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, September 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.