Thrivent Financial for Lutherans Reduces Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Thrivent Financial for Lutherans cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 5.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,254 shares of the transportation company’s stock after selling 2,865 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Hub Group worth $2,206,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after acquiring an additional 3,427,047 shares during the last quarter. Pacer Advisors Inc. raised its holdings in Hub Group by 0.4% during the 2nd quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock valued at $101,450,000 after buying an additional 8,700 shares during the period. American Century Companies Inc. lifted its position in Hub Group by 6.1% in the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after buying an additional 76,431 shares during the last quarter. William Blair Investment Management LLC lifted its position in Hub Group by 99.5% in the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after buying an additional 419,873 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in Hub Group by 109.6% during the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock worth $30,360,000 after buying an additional 367,345 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HUBG. JPMorgan Chase & Co. raised their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna boosted their target price on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Stifel Nicolaus reduced their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a report on Tuesday, September 17th. Finally, TD Cowen downgraded Hub Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $45.65.

Hub Group Trading Down 2.5 %

NASDAQ HUBG opened at $44.33 on Wednesday. Hub Group, Inc. has a one year low of $31.73 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.11 and a beta of 0.89. The company’s 50-day simple moving average is $44.52 and its two-hundred day simple moving average is $43.21.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors 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 yield of 1.13%. The ex-dividend date was Friday, September 6th. Hub Group’s payout ratio is currently 23.81%.

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.