Ameritas Investment Partners Inc. Boosts Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Ameritas Investment Partners Inc. boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 100.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,512 shares of the transportation company’s stock after purchasing an additional 3,256 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Hub Group were worth $281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Silicon Valley Capital Partners increased its holdings in shares of Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares during the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Hub Group in the 1st quarter valued at approximately $38,000. Versant Capital Management Inc increased its holdings in shares of Hub Group by 109.2% in the 1st quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 572 shares during the last quarter. Finally, Headlands Technologies LLC increased its holdings in shares of Hub Group by 179.1% in the 1st quarter. Headlands Technologies LLC now owns 1,496 shares of the transportation company’s stock valued at $65,000 after acquiring an additional 960 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Trading Down 1.0 %

Shares of HUBG stock opened at $44.39 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28. Hub Group, Inc. has a 1 year low of $31.73 and a 1 year high of $47.58. The stock has a fifty day moving average of $43.27 and a two-hundred day moving average of $43.06. The firm has a market capitalization of $2.77 billion, a PE ratio of 21.09 and a beta of 0.90.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, research analysts expect that Hub Group, Inc. will post 2.02 EPS for the current year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were issued a $0.125 dividend. The ex-dividend date was Friday, June 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. Hub Group’s dividend payout ratio (DPR) is 23.75%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Evercore ISI reiterated an “in-line” rating and issued a $44.00 price target on shares of Hub Group in a report on Tuesday, June 25th. TD Cowen downgraded 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 report on Thursday, July 18th. Benchmark restated a “buy” rating and set a $49.00 price objective on shares of Hub Group in a research note on Tuesday, July 9th. Stephens lowered their price objective on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. lowered their price objective on Hub Group from $44.00 to $43.00 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and a consensus target price of $45.38.

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.