Hudson Bay Capital Management LP Buys 173,706 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Hudson Bay Capital Management LP lifted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1,433.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 185,828 shares of the transportation company’s stock after purchasing an additional 173,706 shares during the quarter. Hudson Bay Capital Management LP owned about 0.30% of Hub Group worth $8,280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in HUBG. Barclays PLC boosted its position in shares of Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after purchasing an additional 78,467 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Hub Group by 1.2% in the 3rd quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after purchasing an additional 595 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Moody National Bank Trust Division bought a new stake in shares of Hub Group in the 4th quarter worth approximately $393,000. Finally, Hennion & Walsh Asset Management Inc. boosted its position in shares of Hub Group by 16.8% in the 4th 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 in the last quarter. 46.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target on the stock. Susquehanna lowered their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Stifel Nicolaus upped their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. TD Cowen lowered their price objective on Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Friday. Finally, Benchmark lowered their price objective on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $44.24.

Hub Group Price Performance

NASDAQ HUBG opened at $33.23 on Monday. The business’s fifty day moving average price is $34.83 and its 200-day moving average price is $41.97. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $915.22 million for the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The company’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 EPS. On average, equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. 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.