Farther Finance Advisors LLC Acquires 700 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Farther Finance Advisors LLC increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 440.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 859 shares of the transportation company’s stock after purchasing an additional 700 shares during the quarter. Farther Finance Advisors LLC’s holdings in Hub Group were worth $32,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBG. Y Intercept Hong Kong Ltd increased its position in Hub Group by 344.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 27,961 shares of the transportation company’s stock worth $1,246,000 after purchasing an additional 21,675 shares during the period. Bank of New York Mellon Corp increased its position in Hub Group by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares during the period. Versor Investments LP acquired a new stake in Hub Group in the fourth quarter worth about $334,000. VELA Investment Management LLC increased its position in Hub Group by 2.5% in the fourth quarter. VELA Investment Management LLC now owns 250,561 shares of the transportation company’s stock worth $11,165,000 after purchasing an additional 6,101 shares during the period. Finally, Illumine Investment Management LLC acquired a new stake in Hub Group in the fourth quarter worth about $629,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HUBG. TD Cowen lowered their price objective on Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, May 9th. Susquehanna boosted their target price on Hub Group from $45.00 to $46.00 and gave the stock a “positive” rating in a research report on Tuesday. Benchmark decreased their target price on Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a research report on Friday, May 9th. Barclays decreased their target price on Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.46.

Hub Group Price Performance

Shares of HUBG opened at $33.73 on Wednesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50 day simple moving average of $33.38 and a 200 day simple moving average of $38.75. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. The firm has a market capitalization of $2.07 billion, a PE ratio of 19.84, a P/E/G ratio of 1.54 and a beta of 1.15.

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

Hub Group Dividend Announcement

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 $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, June 23rd. Hub Group’s payout ratio is 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.