Tidal Investments LLC increased its holdings in Hub Group, Inc. (NASDAQ:HUBG – Free Report) by 73.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,462 shares of the transportation company’s stock after purchasing an additional 7,804 shares during the quarter. Tidal Investments LLC’s holdings in Hub Group were worth $798,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Silicon Valley Capital Partners raised its stake in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in Hub Group by 81.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Hub Group during the 1st quarter valued at approximately $38,000. Adirondack Trust Co. boosted its position in shares of Hub Group by 100.0% during the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock valued at $92,000 after buying an additional 500 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Hub Group by 109.2% in the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock worth $47,000 after buying an additional 572 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.
Hub Group Stock Performance
NASDAQ HUBG traded up $0.45 during trading hours on Tuesday, reaching $42.86. 17,632 shares of the company were exchanged, compared to its average volume of 446,953. Hub Group, Inc. has a 1 year low of $31.73 and a 1 year high of $48.39. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The business’s 50 day simple moving average is $43.65 and its 200-day simple moving average is $43.12. The stock has a market capitalization of $2.67 billion, a P/E ratio of 20.15 and a beta of 0.89.
Hub Group (NASDAQ:HUBG – Get Free Report) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.47. Hub Group had a return on equity of 7.38% and a net margin of 2.89%. The firm had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $0.72 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, equities research analysts expect that Hub Group, Inc. will post 2.02 earnings per share for the current year.
Hub Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Investors of record on Friday, June 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.17%. The ex-dividend date was Friday, June 7th. Hub Group’s dividend payout ratio is currently 23.75%.
Wall Street Analysts Forecast Growth
HUBG has been the subject of a number of analyst reports. Stephens lowered their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. BMO Capital Markets decreased their target price on Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Stifel Nicolaus lowered their price target 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. Susquehanna cut their price objective on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price on shares of Hub Group in a research report on Tuesday, June 25th. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average price target of $45.35.
Read Our Latest Analysis on Hub Group
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.
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