ExodusPoint Capital Management LP Has $6.78 Million Stake in Hub Group, Inc. (NASDAQ:HUBG)

ExodusPoint Capital Management LP increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 74.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,135 shares of the transportation company’s stock after purchasing an additional 64,677 shares during the period. ExodusPoint Capital Management LP owned approximately 0.25% of Hub Group worth $6,779,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Hub Group in the third quarter valued at $481,000. Barclays PLC lifted its position in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares in the last quarter. State Street Corp boosted its stake in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in Hub Group during the 4th quarter valued at about $1,279,000. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of Hub Group by 16.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analysts Set New Price Targets

HUBG has been the topic of several analyst reports. Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays cut their price objective on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna cut their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $46.73.

Hub Group Trading Down 1.6 %

NASDAQ:HUBG opened at $33.38 on Friday. Hub Group, Inc. has a 12 month low of $31.63 and a 12 month high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $40.29 and its 200 day moving average is $44.14. The stock has a market capitalization of $2.05 billion, a PE ratio of 19.64 and a beta of 1.04.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Sell-side analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Hub Group’s payout ratio is 29.41%.

Hub Group Company 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.