Vanguard Personalized Indexing Management LLC Takes $249,000 Position in Hub Group, Inc. (NASDAQ:HUBG)

Vanguard Personalized Indexing Management LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the second quarter, HoldingsChannel.com reports. The fund acquired 5,777 shares of the transportation company’s stock, valued at approximately $249,000.

Several other hedge funds also recently made changes to their positions in HUBG. Family Firm Inc. purchased a new position in Hub Group during the second quarter worth about $26,000. Silicon Valley Capital Partners increased its position in Hub Group by 100.6% during the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Hub Group by 81.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after purchasing an additional 334 shares during the period. Fidelis Capital Partners LLC acquired a new position in Hub Group during the 1st quarter worth approximately $38,000. Finally, Versant Capital Management Inc increased its position in Hub Group by 109.2% during the 1st quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock worth $47,000 after purchasing an additional 572 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

HUBG has been the topic of several recent analyst reports. Evercore ISI reiterated an “in-line” rating and set a $44.00 target price on shares of Hub Group in a research report on Tuesday, June 25th. Stifel Nicolaus dropped their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. JPMorgan Chase & Co. upped their price target on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a report on Tuesday, September 17th. Finally, UBS Group upped their price target on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $45.65.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $45.18 on Monday. The business’s fifty day moving average price is $44.52 and its two-hundred day moving average price is $43.16. The stock has a market cap of $2.82 billion, a PE ratio of 21.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. Hub Group, Inc. has a one year low of $31.73 and a one year high of $48.39.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, analysts forecast that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.

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.