BNP Paribas Financial Markets Cuts Stake in Hub Group, Inc. (NASDAQ:HUBG)

BNP Paribas Financial Markets lessened its stake in Hub Group, Inc. (NASDAQ:HUBG) by 7.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 16,271 shares of the transportation company’s stock after selling 1,330 shares during the quarter. BNP Paribas Financial Markets’ holdings in Hub Group were worth $740,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in Hub Group during the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC lifted its position in Hub Group by 65.0% during the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Hub Group in the 2nd quarter worth $34,000. Innealta Capital LLC bought a new stake in shares of Hub Group in the 2nd quarter worth about $70,000. Finally, Gladius Capital Management LP bought a new stake in shares of Hub Group in the 2nd quarter worth about $94,000. Institutional investors own 46.77% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HUBG. TD Cowen increased their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Susquehanna dropped their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Benchmark reiterated a “buy” rating and set a $47.00 price target on shares of Hub Group 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. Finally, Barclays increased their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.83.

Hub Group Trading Down 0.2 %

Shares of HUBG opened at $49.93 on Friday. Hub Group, Inc. has a one year low of $38.07 and a one year high of $53.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market capitalization of $3.06 billion, a P/E ratio of 28.37 and a beta of 0.92. The stock has a 50-day moving average price of $47.23 and a 200 day moving average price of $45.10.

Hub Group (NASDAQ:HUBG) last posted its quarterly 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 the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the firm posted $0.49 EPS. Sell-side analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group’s payout ratio is currently 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.