Trexquant Investment LP Grows Position in Hub Group, Inc. (NASDAQ:HUBG)

Trexquant Investment LP raised its holdings in shares of Hub Group, Inc. (NASDAQ:HUBGFree Report) by 336.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,122 shares of the transportation company’s stock after buying an additional 12,432 shares during the quarter. Trexquant Investment LP’s holdings in Hub Group were worth $1,482,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Parkside Financial Bank & Trust grew its holdings in shares of Hub Group by 20.3% during the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after buying an additional 145 shares in the last quarter. Cardinal Capital Management grew its holdings in shares of Hub Group by 1.1% in the fourth quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock valued at $1,489,000 after purchasing an additional 177 shares during the period. HighTower Advisors LLC grew its holdings in shares of Hub Group by 0.5% in the third quarter. HighTower Advisors LLC now owns 48,023 shares of the transportation company’s stock valued at $3,769,000 after purchasing an additional 245 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Hub Group in the fourth quarter valued at about $37,000. Finally, Russell Investments Group Ltd. grew its holdings in shares of Hub Group by 3.3% in the fourth quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock valued at $1,396,000 after purchasing an additional 492 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on HUBG. Susquehanna dropped their price objective on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, March 25th. Morgan Stanley upped their price objective on shares of Hub Group from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. TD Cowen upped their price objective on shares of Hub Group from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. BMO Capital Markets dropped their price objective on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Finally, StockNews.com raised shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average price target of $46.54.

Get Our Latest Stock Report on Hub Group

Hub Group Stock Up 2.1 %

Shares of Hub Group stock opened at $43.21 on Tuesday. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a 50 day moving average of $41.85 and a 200 day moving average of $42.49. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.69 billion, a P/E ratio of 20.53 and a beta of 0.90.

Hub Group (NASDAQ:HUBGGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. As a group, research analysts forecast that Hub Group, Inc. will post 2.02 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Friday, June 7th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. Hub Group’s dividend payout ratio is currently 23.75%.

About Hub Group

(Free Report)

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.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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