Fisher Asset Management LLC Sells 15,253 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC lowered its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,417,797 shares of the transportation company’s stock after selling 15,253 shares during the quarter. Fisher Asset Management LLC owned approximately 2.31% of Hub Group worth $64,439,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Family Firm Inc. bought a new position in shares of Hub Group in the second quarter valued at approximately $26,000. GAMMA Investing LLC grew its position 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 valued at $32,000 after purchasing an additional 280 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Hub Group in the second quarter worth $34,000. Innealta Capital LLC purchased a new stake in shares of Hub Group in the second quarter worth $70,000. Finally, Gladius Capital Management LP purchased a new position in Hub Group during the second quarter worth about $94,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 4.3 %

Shares of Hub Group stock opened at $53.20 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group, Inc. has a 52-week low of $36.88 and a 52-week high of $53.21. The company’s 50 day moving average price is $45.68 and its 200-day moving average price is $44.40. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 30.23 and a beta of 0.89.

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, topping analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. Equities research analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.94%. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Susquehanna lowered their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. 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. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a report on Friday, November 1st. Finally, Stifel Nicolaus reduced their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $46.83.

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.