Point72 Asset Management L.P. Acquires New Position in Hub Group, Inc. (NASDAQ:HUBG)

Point72 Asset Management L.P. acquired a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 108,700 shares of the transportation company’s stock, valued at approximately $4,680,000. Point72 Asset Management L.P. owned approximately 0.17% of Hub Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also bought and sold shares of the company. Hsbc Holdings PLC raised its stake in shares of Hub Group by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 13,696 shares of the transportation company’s stock worth $1,264,000 after purchasing an additional 725 shares during the last quarter. CIBC Asset Management Inc bought a new position in shares of Hub Group in the 4th quarter worth approximately $304,000. Quadrature Capital Ltd boosted its holdings in shares of Hub Group by 124.2% in the fourth quarter. Quadrature Capital Ltd now owns 14,043 shares of the transportation company’s stock worth $1,292,000 after buying an additional 7,778 shares during the last quarter. Mairs & Power Inc. grew its position in Hub Group by 30.7% during the fourth quarter. Mairs & Power Inc. now owns 129,052 shares of the transportation company’s stock valued at $11,865,000 after buying an additional 30,327 shares during the period. Finally, Adirondack Trust Co. raised its position in Hub Group by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock worth $92,000 after acquiring an additional 500 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Down 2.5 %

HUBG stock opened at $44.33 on Wednesday. Hub Group, Inc. has a twelve month low of $31.73 and a twelve month high of $48.39. The stock has a market capitalization of $2.76 billion, a price-to-earnings ratio of 21.11 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm’s fifty day simple moving average is $44.52 and its two-hundred day simple moving average is $43.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. Hub Group’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.72 EPS. As a group, analysts anticipate that Hub Group, Inc. will post 1.93 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 23.81%.

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of recent research reports. Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 target price on shares of Hub Group in a report on Tuesday, June 25th. UBS Group increased their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research note on Tuesday, September 17th. JPMorgan Chase & Co. increased their price target on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Susquehanna boosted their target price on shares of Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus price target of $45.65.

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.