Cubist Systematic Strategies LLC Grows Position in Hub Group, Inc. (NASDAQ:HUBG)

Cubist Systematic Strategies LLC increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 4,906.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,489 shares of the transportation company’s stock after purchasing an additional 31,840 shares during the period. Cubist Systematic Strategies LLC owned 0.05% of Hub Group worth $1,399,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its position in shares of Hub Group by 105.0% in the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after buying an additional 18,023 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Hub Group by 111.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after acquiring an additional 22,542 shares in the last quarter. UniSuper Management Pty Ltd purchased a new stake in Hub Group in the first quarter worth about $567,000. Seven Eight Capital LP increased its stake in shares of Hub Group by 509.7% during the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock valued at $1,104,000 after purchasing an additional 21,356 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its holdings in shares of Hub Group by 102.0% during the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock valued at $4,534,000 after purchasing an additional 52,986 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Shares of HUBG opened at $44.33 on Wednesday. The firm has a market cap of $2.76 billion, a PE ratio of 21.11 and a beta of 0.89. Hub Group, Inc. has a 1-year low of $31.73 and a 1-year high of $48.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a fifty day simple moving average of $44.52 and a two-hundred day simple moving average of $43.21.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.

Wall Street Analysts Forecast Growth

HUBG has been the topic of several recent research reports. Susquehanna upped their price target on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. Evercore ISI reissued an “in-line” rating and issued a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research report on Tuesday, September 17th. Stifel Nicolaus cut their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Finally, TD Cowen cut shares of Hub Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average price target of $45.65.

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.