Citigroup Inc. Boosts Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Citigroup Inc. grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 54.0% in the third quarter, HoldingsChannel.com reports. The firm owned 117,083 shares of the transportation company’s stock after buying an additional 41,046 shares during the quarter. Citigroup Inc.’s holdings in Hub Group were worth $5,321,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its stake in Hub Group by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock worth $30,157,000 after buying an additional 23,470 shares in the last quarter. Intech Investment Management LLC boosted its holdings in Hub Group by 70.4% in the third quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company’s stock worth $887,000 after purchasing an additional 8,064 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in Hub Group by 4.0% in the third quarter. Segall Bryant & Hamill LLC now owns 366,736 shares of the transportation company’s stock worth $16,668,000 after purchasing an additional 13,976 shares during the last quarter. Natixis Advisors LLC raised its position in Hub Group by 5.5% in the third quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock worth $908,000 after acquiring an additional 1,036 shares during the period. Finally, Royce & Associates LP grew its holdings in Hub Group by 1.8% during the third quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock valued at $29,092,000 after purchasing an additional 11,615 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Down 0.1 %

Shares of NASDAQ:HUBG opened at $51.64 on Monday. The business has a 50-day moving average price of $46.17 and a 200 day moving average price of $44.62. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 12-month low of $37.35 and a 12-month high of $53.21. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 29.34 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The firm’s quarterly revenue was down 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 EPS. Sell-side analysts expect that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.97%. Hub Group’s payout ratio is currently 28.41%.

Analysts Set New Price Targets

A number of equities research analysts have commented on HUBG shares. Susquehanna decreased their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Evercore ISI raised their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Barclays boosted their price target on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Finally, TD Cowen upped their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.83.

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.