Hub Group, Inc. (NASDAQ:HUBG) Shares Acquired by Ameritas Investment Partners Inc.

Ameritas Investment Partners Inc. lifted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 100.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,512 shares of the transportation company’s stock after buying an additional 3,256 shares during the period. Ameritas Investment Partners Inc.’s holdings in Hub Group were worth $281,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cardinal Capital Management increased its holdings in shares of Hub Group by 1.1% during the 4th quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock worth $1,489,000 after buying an additional 177 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of 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 worth $32,000 after buying an additional 334 shares during the last quarter. Silicon Valley Capital Partners increased its holdings in shares of Hub Group by 100.6% during the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after buying an additional 342 shares during the last quarter. Covestor Ltd increased its holdings in shares of Hub Group by 37.4% during the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after buying an additional 438 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Hub Group by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock worth $1,396,000 after purchasing an additional 492 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the subject of a number of research analyst reports. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 price objective on shares of Hub Group in a research report on Tuesday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of Hub Group from $44.00 to $43.00 and set a “neutral” rating for the company in a research report on Tuesday, July 9th. BMO Capital Markets lowered their price objective on shares of 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. Benchmark reaffirmed a “buy” rating and set a $49.00 price objective on shares of Hub Group in a research report on Tuesday, July 9th. Finally, TD Cowen cut shares of Hub Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.38.

Hub Group Trading Down 1.0 %

NASDAQ HUBG opened at $44.39 on Thursday. The firm has a market cap of $2.77 billion, a PE ratio of 21.09 and a beta of 0.90. The firm’s fifty day moving average is $43.27 and its two-hundred day moving average is $43.06. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28. Hub Group, Inc. has a one year low of $31.73 and a one year high of $47.58.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 earnings per share. Analysts expect that Hub Group, Inc. will post 2.02 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Friday, June 7th. Hub Group’s payout ratio is 23.75%.

Hub Group Company 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.