Jacobs Levy Equity Management Inc. Has $583,000 Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Jacobs Levy Equity Management Inc. lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 15.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,837 shares of the transportation company’s stock after selling 2,347 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Hub Group were worth $583,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on HUBG shares. Barclays raised their price target on 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 lowered their target price 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 increased their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research note on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Hub Group has an average rating of “Hold” and an average price target of $46.83.

Hub Group Trading Up 0.9 %

HUBG stock opened at $50.25 on Tuesday. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. The company has a market capitalization of $3.08 billion, a PE ratio of 28.55 and a beta of 0.91. The company’s 50-day simple moving average is $46.84 and its 200 day simple moving average is $44.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

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

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. The ex-dividend date is Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.00%. Hub Group’s dividend payout ratio is presently 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.