Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Dimensional Fund Advisors LP


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Dimensional Fund Advisors LP cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 5.8% during the fourth quarter, HoldingsChannel reports. The fund owned 2,506,937 shares of the transportation company’s stock after selling 153,778 shares during the period. Dimensional Fund Advisors LP owned about 0.07% of Hub Group worth $142,895,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Richard Bernstein Advisors LLC acquired a new stake in shares of Hub Group during the 4th quarter worth about $4,513,000. First Trust Advisors LP increased its stake in Hub Group by 12.2% during the 4th quarter. First Trust Advisors LP now owns 33,661 shares of the transportation company’s stock worth $1,919,000 after buying an additional 3,651 shares during the period. Principal Financial Group Inc. boosted its holdings in Hub Group by 30.1% in the fourth quarter. Principal Financial Group Inc. now owns 455,111 shares of the transportation company’s stock valued at $25,941,000 after purchasing an additional 105,376 shares in the last quarter. Cardinal Capital Management raised its stake in Hub Group by 4.3% during the 4th quarter. Cardinal Capital Management now owns 13,411 shares of the transportation company’s stock worth $764,000 after acquiring an additional 550 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Hub Group in the 4th quarter valued at about $54,000. Institutional investors own 89.21% of the company’s stock.

NASDAQ HUBG opened at $65.62 on Thursday. The firm’s 50 day moving average price is $63.10 and its two-hundred day moving average price is $56.93. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 27.69 and a beta of 1.00. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.39 and a current ratio of 1.39. Hub Group, Inc. has a twelve month low of $37.00 and a twelve month high of $68.91.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 4th. The transportation company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.66 by $0.15. Hub Group had a net margin of 2.30% and a return on equity of 8.05%. The business had revenue of $952.73 million for the quarter, compared to analysts’ expectations of $929.68 million. On average, research analysts forecast that Hub Group, Inc. will post 2.46 EPS for the current fiscal year.

In other Hub Group news, EVP Vava Dimond sold 13,971 shares of the company’s stock in a transaction that occurred on Friday, March 5th. The stock was sold at an average price of $60.35, for a total value of $843,149.85. Following the completion of the transaction, the executive vice president now owns 67,128 shares of the company’s stock, valued at approximately $4,051,174.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.12% of the stock is owned by corporate insiders.

Several equities analysts have issued reports on the company. UBS Group upgraded Hub Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $58.00 to $67.00 in a research report on Friday, February 19th. Susquehanna Bancshares reduced their target price on Hub Group from $74.00 to $72.00 and set a “positive” rating on the stock in a research note on Friday, February 5th. Cowen upped their target price on Hub Group from $65.00 to $67.00 and gave the company an “outperform” rating in a research note on Friday, February 5th. Zacks Investment Research downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a report on Friday, January 8th. Finally, Susquehanna dropped their target price on shares of Hub Group from $74.00 to $72.00 and set a “positive” rating for the company in a research report on Friday, February 5th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $63.08.

Hub Group Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, trucking, managed transportation, freight consolidation, warehousing, last mile delivery, international transportation, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over distances of 750 miles or more.

Further Reading: Asset Allocation and Your Retirement

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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