MQS Management LLC Invests $537,000 in Hub Group, Inc. (NASDAQ:HUBG)

MQS Management LLC purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 11,814 shares of the transportation company’s stock, valued at approximately $537,000.

Other institutional investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in Hub Group by 314.8% in the 1st quarter. BNP Paribas Financial Markets now owns 36,412 shares of the transportation company’s stock worth $1,574,000 after purchasing an additional 27,634 shares in the last quarter. Quantbot Technologies LP increased its position in shares of Hub Group by 46.0% in the 1st quarter. Quantbot Technologies LP now owns 11,216 shares of the transportation company’s stock valued at $485,000 after acquiring an additional 3,535 shares during the period. SG Americas Securities LLC acquired a new stake in Hub Group during the 1st quarter worth about $244,000. Swiss National Bank grew its stake in Hub Group by 98.9% during the 1st quarter. Swiss National Bank now owns 123,100 shares of the transportation company’s stock valued at $5,320,000 after purchasing an additional 61,200 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Hub Group by 102.9% in the first quarter. Sei Investments Co. now owns 28,085 shares of the transportation company’s stock worth $1,214,000 after purchasing an additional 14,241 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Trading Up 1.7 %

HUBG stock opened at $50.15 on Thursday. Hub Group, Inc. has a 12-month low of $36.51 and a 12-month high of $50.20. The business’s 50-day moving average is $44.71 and its 200 day moving average is $43.92. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 28.49 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued 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. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted $0.49 earnings per share. The business’s revenue was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a $0.125 dividend. 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 is currently 28.41%.

Wall Street Analyst Weigh In

HUBG has been the subject of a number of recent research reports. Evercore ISI raised their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Barclays upped their price target on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. raised their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus dropped their price objective 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. Finally, UBS Group increased their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Hub Group currently has an average rating of “Hold” and an average price target of $46.83.

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.