Versor Investments LP Buys New Shares in Hub Group, Inc. (NASDAQ:HUBG)

Versor Investments LP purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBGFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,000 shares of the transportation company’s stock, valued at approximately $276,000.

Other large investors also recently bought and sold shares of the company. Anchor Investment Management LLC acquired a new stake in Hub Group during the 4th quarter worth approximately $37,000. Headlands Technologies LLC purchased a new position in shares of Hub Group in the 3rd quarter valued at $63,000. Parkside Financial Bank & Trust lifted its holdings in shares of Hub Group by 20.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 145 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in Hub Group during the 4th quarter worth $238,000. Finally, Aigen Investment Management LP acquired a new stake in Hub Group in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HUBG. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Evercore ISI dropped their price target on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Morgan Stanley upped their price objective on shares of Hub Group from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Wells Fargo & Company lifted their target price on Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Finally, BMO Capital Markets reduced their price target on Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a report on Friday, April 26th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.54.

Get Our Latest Research Report on Hub Group

Hub Group Trading Down 0.2 %

Hub Group stock opened at $43.60 on Wednesday. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 20.71 and a beta of 0.90. The firm has a 50-day moving average price of $41.69 and a two-hundred day moving average price of $41.99.

Hub Group (NASDAQ:HUBGGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The business had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. Sell-side analysts expect that Hub Group, Inc. will post 2.02 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were given a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.15%. Hub Group’s dividend payout ratio is presently 23.75%.

About Hub Group

(Free Report)

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.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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