Algert Global LLC Has $2.66 Million Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Algert Global LLC lessened its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 52.0% in the second quarter, HoldingsChannel reports. The fund owned 61,706 shares of the transportation company’s stock after selling 66,732 shares during the period. Algert Global LLC’s holdings in Hub Group were worth $2,656,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Family Firm Inc. bought a new stake in Hub Group in the 2nd quarter valued at $26,000. Silicon Valley Capital Partners lifted its holdings in shares of Hub Group by 100.6% during the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after buying an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Hub Group by 81.5% in the first 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 period. Point72 Hong Kong Ltd acquired a new position in shares of Hub Group in the second quarter valued at about $34,000. Finally, Fidelis Capital Partners LLC bought a new position in Hub Group during the first quarter worth about $38,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Down 2.5 %

Shares of NASDAQ HUBG opened at $44.33 on Wednesday. The stock has a 50-day moving average price of $44.52 and a two-hundred day moving average price of $43.21. Hub Group, Inc. has a 12 month low of $31.73 and a 12 month high of $48.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 21.11 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business 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 EPS. As a group, analysts forecast that Hub Group, Inc. will post 1.93 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.13%. Hub Group’s dividend payout ratio is currently 23.81%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Susquehanna boosted their price objective on shares of Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a report on Thursday, September 26th. UBS Group increased their price target on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Evercore ISI reaffirmed an “in-line” rating and issued a $44.00 price objective 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 cut their target price for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Finally, Stifel Nicolaus decreased their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hub Group has an average rating of “Hold” and a consensus target price of $45.65.

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.