Hub Group, Inc. (NASDAQ:HUBG) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 13.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 6,598 shares of the transportation company’s stock after acquiring an additional 761 shares during the period. Verdence Capital Advisors LLC’s holdings in Hub Group were worth $300,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake 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 acquiring an additional 22,542 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in shares of Hub Group during the first quarter worth $567,000. Seven Eight Capital LP raised its position in shares of Hub Group by 509.7% in 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. Comerica Bank lifted its stake in shares of Hub Group by 84.5% in the first quarter. Comerica Bank now owns 26,627 shares of the transportation company’s stock worth $1,151,000 after buying an additional 12,196 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its position in Hub Group by 102.6% during the first quarter. Texas Permanent School Fund Corp now owns 54,598 shares of the transportation company’s stock worth $2,360,000 after acquiring an additional 27,652 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Benchmark reissued a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Stifel Nicolaus cut their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Barclays upped their price objective on shares of Hub Group from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Finally, TD Cowen raised their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $46.00.

Hub Group Stock Down 1.3 %

Shares of NASDAQ HUBG opened at $49.30 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $44.62 and its two-hundred day moving average is $43.87. Hub Group, Inc. has a 52-week low of $35.28 and a 52-week high of $50.20. The firm has a market cap of $3.03 billion, a price-to-earnings ratio of 28.01 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the previous year, the business earned $0.49 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Research analysts predict that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 28.41%.

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.