Royce & Associates LP Buys 11,615 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Royce & Associates LP boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 640,093 shares of the transportation company’s stock after purchasing an additional 11,615 shares during the period. Royce & Associates LP owned approximately 1.03% of Hub Group worth $29,092,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Family Firm Inc. bought a new stake in Hub Group in the 2nd quarter worth approximately $26,000. GAMMA Investing LLC boosted its stake in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after acquiring an additional 280 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Hub Group during the 2nd quarter worth $34,000. EntryPoint Capital LLC purchased a new position in shares of Hub Group during the 1st quarter worth $52,000. Finally, Headlands Technologies LLC boosted its stake in shares of Hub Group by 179.1% during the 1st quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company’s stock worth $65,000 after acquiring an additional 960 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Barclays lifted their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday. UBS Group lifted their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Susquehanna lowered their target price 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, Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research note on Friday, November 1st. 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 data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $46.83.

Hub Group Stock Performance

Shares of NASDAQ HUBG opened at $49.66 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $3.05 billion, a P/E ratio of 28.22 and a beta of 0.89. The firm’s fifty day moving average is $44.90 and its two-hundred day moving average is $44.02. Hub Group, Inc. has a 52-week low of $36.88 and a 52-week high of $50.83.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the firm posted $0.49 EPS. Hub Group’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.01%. Hub Group’s dividend payout ratio (DPR) is 28.41%.

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.