Hub Group, Inc. (NASDAQ:HUBG) Stock Position Trimmed by Blair William & Co. IL

Blair William & Co. IL trimmed its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,755 shares of the transportation company’s stock after selling 1,142 shares during the period. Blair William & Co. IL’s holdings in Hub Group were worth $678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBG. Vanguard Personalized Indexing Management LLC acquired a new position in shares of Hub Group during the second quarter worth approximately $249,000. WINTON GROUP Ltd boosted its position in Hub Group by 53.7% during the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company’s stock worth $5,065,000 after acquiring an additional 41,119 shares during the period. Inspire Advisors LLC grew its stake in shares of Hub Group by 1.7% in the second quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock worth $746,000 after purchasing an additional 284 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Hub Group by 12.5% during the second quarter. Envestnet Asset Management Inc. now owns 81,759 shares of the transportation company’s stock valued at $3,520,000 after purchasing an additional 9,101 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Hub Group during the second quarter valued at about $200,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

HUBG stock opened at $45.09 on Thursday. Hub Group, Inc. has a one year low of $31.73 and a one year high of $48.39. The firm has a 50-day moving average of $44.51 and a two-hundred day moving average of $43.12. The firm has a market capitalization of $2.80 billion, a PE ratio of 21.42 and a beta of 0.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.72 EPS. On average, analysts forecast that Hub Group, Inc. will post 1.93 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.11%. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Analyst Ratings Changes

HUBG has been the topic of several research analyst reports. Susquehanna lowered their target price on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Evercore ISI reiterated an “in-line” rating and set a $44.00 price objective on shares of Hub Group in a research note on Tuesday, June 25th. TD Cowen cut Hub Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Stifel Nicolaus decreased their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research report on Tuesday, September 17th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Hub Group presently has an average rating of “Hold” and an average price target of $45.19.

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.