Yousif Capital Management LLC Cuts Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Yousif Capital Management LLC lowered its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 24,340 shares of the transportation company’s stock after selling 482 shares during the quarter. Yousif Capital Management LLC’s holdings in Hub Group were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of HUBG. Capital International Investors purchased a new position in Hub Group in the fourth quarter valued at $95,105,000. Invesco Ltd. increased its holdings in Hub Group by 1.3% in the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company’s stock valued at $81,915,000 after buying an additional 23,674 shares during the last quarter. Balyasny Asset Management L.P. increased its holdings in Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after buying an additional 499,621 shares during the last quarter. Norges Bank purchased a new position in Hub Group in the fourth quarter valued at $41,487,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in Hub Group by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company’s stock valued at $39,205,000 after buying an additional 32,334 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

HUBG opened at $32.78 on Thursday. The company has a 50-day moving average of $33.38 and a 200-day moving average of $39.32. The company has a market capitalization of $2.01 billion, a P/E ratio of 19.28, a PEG ratio of 1.51 and a beta of 1.15. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same period in the previous year, the business posted $0.44 EPS. The company’s quarterly revenue was down 8.5% on a year-over-year basis. Equities analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Monday, June 23rd. Hub Group’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HUBG. Benchmark dropped their target price on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a report on Friday, May 9th. Barclays decreased 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 research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. TD Cowen reduced their price objective on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, May 9th. Finally, 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $43.68.

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.