Cardinal Capital Management Purchases 4,094 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Cardinal Capital Management increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 10.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,042 shares of the transportation company’s stock after acquiring an additional 4,094 shares during the quarter. Cardinal Capital Management owned about 0.07% of Hub Group worth $2,047,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HUBG. Illinois Municipal Retirement Fund lifted its position in Hub Group by 105.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock valued at $1,521,000 after purchasing an additional 18,023 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in Hub Group by 111.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock valued at $1,850,000 after buying an additional 22,542 shares during the period. UniSuper Management Pty Ltd bought a new position in Hub Group in the first quarter valued at approximately $567,000. Seven Eight Capital LP boosted its stake in Hub Group by 509.7% in the first quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock valued at $1,104,000 after acquiring an additional 21,356 shares during the last quarter. Finally, Retirement Systems of Alabama grew its holdings in Hub Group by 102.0% during the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after acquiring an additional 52,986 shares during the period. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

NASDAQ HUBG opened at $44.22 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The stock has a market cap of $2.76 billion, a price-to-earnings ratio of 21.06 and a beta of 0.88. The business has a 50 day simple moving average of $44.22 and a 200 day simple moving average of $43.31. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $48.39.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. The company had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The firm’s revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Analysts anticipate that Hub Group, Inc. will post 1.92 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

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 of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.13%. Hub Group’s dividend payout ratio (DPR) is 23.81%.

Analysts Set New Price Targets

HUBG has been the topic of a number of analyst reports. Susquehanna increased their price target on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. UBS Group increased their target price on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. 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. TD Cowen cut Hub Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $50.00 to $43.00 in a research note on Thursday, July 18th. Finally, Benchmark reiterated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research report on Tuesday, September 17th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $45.29.

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.