Syntegra Private Wealth Group LLC Takes $314,000 Position in Hub Group, Inc. (NASDAQ:HUBG)

Syntegra Private Wealth Group LLC acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 6,900 shares of the transportation company’s stock, valued at approximately $314,000.

Other institutional investors also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in 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 buying an additional 280 shares during the period. Arizona State Retirement System boosted its position in Hub Group by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after buying an additional 282 shares during the period. Inspire Advisors LLC boosted its position in Hub Group by 1.7% during the 2nd quarter. Inspire Advisors LLC now owns 17,327 shares of the transportation company’s stock valued at $746,000 after buying an additional 284 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in Hub Group by 81.5% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after buying an additional 334 shares during the period. Finally, Covestor Ltd boosted its position in Hub Group by 37.4% during the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock valued at $70,000 after buying an additional 438 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on HUBG shares. UBS Group upped their price objective 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. JPMorgan Chase & Co. upped their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Stifel Nicolaus decreased their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Evercore ISI upped their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, Benchmark restated a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a report on Tuesday, September 17th. Ten investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.29.

Hub Group Stock Down 0.2 %

Shares of Hub Group stock traded down $0.09 during trading on Wednesday, hitting $43.01. The company’s stock had a trading volume of 25,440 shares, compared to its average volume of 449,027. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The company has a fifty day simple moving average of $44.29 and a two-hundred day simple moving average of $43.37. The company has a market capitalization of $2.68 billion, a PE ratio of 20.52 and a beta of 0.88. Hub Group, Inc. has a 52 week low of $31.73 and a 52 week high of $48.39.

Hub Group (NASDAQ:HUBG) last announced 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. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.72 EPS. Hub Group’s revenue for the quarter was down 5.2% on a year-over-year basis. Equities research analysts predict that Hub Group, Inc. will post 1.92 earnings per share for the current year.

Hub Group Dividend Announcement

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. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is 23.81%.

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.