Man Group plc Sells 8,800 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Man Group plc cut its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 44.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,834 shares of the transportation company’s stock after selling 8,800 shares during the period. Man Group plc’s holdings in Hub Group were worth $483,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Barclays PLC boosted its position in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after buying an additional 78,467 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Hub Group in the 4th quarter valued at $1,279,000. Bank of New York Mellon Corp boosted its position in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after buying an additional 73,712 shares during the last quarter. Atria Investments Inc bought a new position in Hub Group in the 4th quarter valued at $216,000. Finally, Nisa Investment Advisors LLC boosted its position in Hub Group by 0.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock valued at $1,405,000 after buying an additional 260 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

Hub Group stock opened at $33.32 on Tuesday. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The stock’s 50 day moving average is $34.16 and its 200-day moving average is $41.20. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.60 and a beta of 1.13.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. During the same period in the previous year, the business earned $0.44 earnings per share. The firm’s quarterly revenue was down 8.5% on a year-over-year basis. Equities research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. Hub Group’s payout ratio is 29.41%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Barclays cut their price target on Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. TD Cowen dropped their price objective on Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Benchmark dropped their price objective on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a research note on Friday, May 9th. Susquehanna dropped their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.68.

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.