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

Natixis Advisors LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 57.5% in the second quarter, Holdings Channel reports. The fund owned 18,940 shares of the transportation company’s stock after purchasing an additional 6,913 shares during the period. Natixis Advisors LLC’s holdings in Hub Group were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of HUBG. Vanguard Group Inc. lifted its holdings in Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after acquiring an additional 3,427,047 shares during the period. Dimensional Fund Advisors LP increased its stake in Hub Group by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company’s stock valued at $227,623,000 after purchasing an additional 50,783 shares in the last quarter. William Blair Investment Management LLC raised its holdings in Hub Group by 99.5% during the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after purchasing an additional 419,873 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hub Group by 109.6% during the first quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock worth $30,360,000 after purchasing an additional 367,345 shares in the last quarter. Finally, LSV Asset Management grew its holdings in Hub Group by 88.0% in the first quarter. LSV Asset Management now owns 626,226 shares of the transportation company’s stock valued at $27,065,000 after purchasing an additional 293,094 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on HUBG shares. Benchmark reaffirmed a “buy” rating and set a $49.00 price target on shares of Hub Group in a research note on Tuesday, July 9th. Stifel Nicolaus cut their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. TD Cowen downgraded Hub Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Finally, Susquehanna lowered their target price on Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $45.35.

Hub Group Price Performance

HUBG stock opened at $43.86 on Thursday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 20.84 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. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $48.39. The stock’s fifty day simple moving average is $44.18 and its 200-day simple moving average is $42.94.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period last year, the company earned $0.72 EPS. The firm’s quarterly revenue was down 5.2% on a year-over-year basis. Equities research analysts expect that Hub Group, Inc. will post 1.93 EPS for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 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 1.14%. The ex-dividend date is Friday, September 6th. Hub Group’s dividend payout ratio is currently 23.75%.

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.