Envestnet Asset Management Inc. Purchases 9,101 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Envestnet Asset Management Inc. lifted its position in Hub Group, Inc. (NASDAQ:HUBG) by 12.5% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 81,759 shares of the transportation company’s stock after purchasing an additional 9,101 shares during the period. Envestnet Asset Management Inc.’s holdings in Hub Group were worth $3,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund boosted its position in Hub Group by 105.0% in the first quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after purchasing an additional 18,023 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hub Group by 111.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after buying an additional 22,542 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Hub Group during the first quarter valued at approximately $567,000. Seven Eight Capital LP increased its holdings in Hub Group by 509.7% during the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock valued at $1,104,000 after buying an additional 21,356 shares during the last quarter. Finally, Retirement Systems of Alabama raised its position in Hub Group by 102.0% in the first quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after acquiring an additional 52,986 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Trading Down 1.1 %

HUBG stock opened at $43.86 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Hub Group, Inc. has a 1-year low of $31.73 and a 1-year high of $48.39. The business has a 50 day simple moving average of $44.51 and a two-hundred day simple moving average of $43.22. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of 20.89 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its 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. The firm had revenue of $986.50 million during the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. Hub Group’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Research analysts anticipate that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. Hub Group’s payout ratio is 23.81%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HUBG shares. UBS Group boosted their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark reissued a “buy” rating and set a $47.00 price target on shares of Hub Group in a report on Tuesday, September 17th. Susquehanna raised their price objective on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 26th. TD Cowen downgraded Hub Group from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $43.00 in a research note on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and an average target price of $45.65.

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.