Pacer Advisors Inc. Has $87.70 Million Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Pacer Advisors Inc. trimmed its position in Hub Group, Inc. (NASDAQ:HUBG) by 18.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,929,513 shares of the transportation company’s stock after selling 427,051 shares during the quarter. Pacer Advisors Inc. owned approximately 3.14% of Hub Group worth $87,696,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HUBG. Sei Investments Co. lifted its holdings in Hub Group by 102.9% during the 1st quarter. Sei Investments Co. now owns 28,085 shares of the transportation company’s stock valued at $1,214,000 after purchasing an additional 14,241 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Hub Group by 73.6% during the 1st quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company’s stock worth $1,139,000 after buying an additional 11,171 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Hub Group by 39.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,956 shares of the transportation company’s stock worth $560,000 after buying an additional 3,670 shares during the period. Vanguard Group Inc. grew its stake in Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after buying an additional 3,427,047 shares during the last quarter. Finally, Covestor Ltd grew its stake in Hub Group by 37.4% in the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock valued at $70,000 after buying an additional 438 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBG. Evercore ISI boosted their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. TD Cowen increased their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Stifel Nicolaus reduced 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. Susquehanna decreased their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $46.83.

Hub Group Stock Performance

NASDAQ:HUBG opened at $49.95 on Friday. Hub Group, Inc. has a twelve month low of $36.88 and a twelve month high of $50.85. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock’s 50-day simple moving average is $45.39 and its 200 day simple moving average is $44.26. The firm has a market capitalization of $3.07 billion, a PE ratio of 28.38 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating 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 firm’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. On average, analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is 28.41%.

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.