Fisher Asset Management LLC Sells 15,253 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC cut its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,417,797 shares of the transportation company’s stock after selling 15,253 shares during the period. Fisher Asset Management LLC’s holdings in Hub Group were worth $64,439,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Russell Investments Group Ltd. lifted its stake in shares of Hub Group by 73.6% in the 1st quarter. Russell Investments Group Ltd. now owns 26,356 shares of the transportation company’s stock valued at $1,139,000 after purchasing an additional 11,171 shares during the period. 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 valued at $560,000 after buying an additional 3,670 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after buying an additional 3,427,047 shares during the period. American International Group Inc. increased its stake in shares of Hub Group by 98.2% in the 1st quarter. American International Group Inc. now owns 33,893 shares of the transportation company’s stock worth $1,465,000 after acquiring an additional 16,795 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Hub Group by 117.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 75,627 shares of the transportation company’s stock valued at $3,267,000 after acquiring an additional 40,917 shares during the period. 46.77% of the stock is owned by institutional investors.

Hub Group Trading Up 4.3 %

Shares of HUBG stock opened at $53.20 on Tuesday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $53.21. The stock has a market capitalization of $3.26 billion, a P/E ratio of 30.23 and a beta of 0.89. The firm’s 50 day moving average is $45.68 and its 200 day moving average is $44.40.

Hub Group (NASDAQ:HUBG) last released 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 firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the business posted $0.49 EPS. Research analysts expect that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.94%. Hub Group’s payout ratio is currently 28.41%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays raised their target price on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Benchmark reiterated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Stifel Nicolaus cut their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Susquehanna cut their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and an average price target of $46.83.

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.