Chartwell Investment Partners LLC Lowers Position in Hub Group, Inc. (NASDAQ:HUBG)

Chartwell Investment Partners LLC lowered its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 9.0% during the third quarter, HoldingsChannel.com reports. The firm owned 198,996 shares of the transportation company’s stock after selling 19,566 shares during the period. Chartwell Investment Partners LLC’s holdings in Hub Group were worth $9,045,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised 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. William Blair Investment Management LLC raised its holdings in shares of Hub Group by 99.5% in the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after purchasing an additional 419,873 shares during the period. Select Equity Group L.P. lifted its stake in shares of Hub Group by 19.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock valued at $79,055,000 after purchasing an additional 298,390 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Hub Group during the 1st quarter worth about $5,843,000. Finally, Point72 Asset Management L.P. acquired a new stake in Hub Group during the 2nd quarter worth approximately $4,680,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Price Performance

HUBG stock opened at $48.37 on Monday. The company has a market capitalization of $2.97 billion, a PE ratio of 27.48 and a beta of 0.89. The company has a quick ratio of 1.32, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $44.50 and its two-hundred day moving average is $43.74. Hub Group, Inc. has a 52-week low of $34.51 and a 52-week high of $49.26.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the business earned $0.49 EPS. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.03%. Hub Group’s dividend payout ratio (DPR) is 28.41%.

Analyst Ratings Changes

A number of brokerages have weighed in on HUBG. Evercore ISI lifted their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. upped their price target 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. Stifel Nicolaus lowered their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Barclays boosted their price objective on Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 31st. Finally, Benchmark reiterated a “buy” rating and set a $47.00 target price on shares of Hub Group in a report on Friday, November 1st. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.00.

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.