GAMMA Investing LLC Grows Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

GAMMA Investing LLC increased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 3,711.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,514 shares of the transportation company’s stock after purchasing an additional 19,002 shares during the period. GAMMA Investing LLC’s holdings in Hub Group were worth $7,250,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HUBG. Dana Investment Advisors Inc. boosted its holdings in Hub Group by 1.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company’s stock worth $1,015,000 after buying an additional 252 shares during the period. Summit Investment Advisors Inc. boosted its holdings in Hub Group by 4.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company’s stock worth $279,000 after buying an additional 287 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock worth $42,000 after buying an additional 310 shares during the period. Synovus Financial Corp boosted its holdings in Hub Group by 1.5% in the 4th quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company’s stock worth $1,008,000 after buying an additional 344 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its holdings in Hub Group by 6.5% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 7,551 shares of the transportation company’s stock worth $336,000 after buying an additional 462 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Hub Group Stock Up 0.9%

Shares of NASDAQ HUBG opened at $33.69 on Monday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.82 and a beta of 1.15. The firm’s 50-day moving average price is $33.49 and its 200-day moving average price is $40.18.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $973.86 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. On average, equities research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

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.