Cornercap Investment Counsel Inc. Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

Cornercap Investment Counsel Inc. purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,959 shares of the transportation company's stock, valued at approximately $488,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in Hub Group by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company's stock worth $30,157,000 after purchasing an additional 23,470 shares during the period. Citigroup Inc. increased its stake in Hub Group by 54.0% in the 3rd quarter. Citigroup Inc. now owns 117,083 shares of the transportation company's stock worth $5,321,000 after buying an additional 41,046 shares during the period. FMR LLC lifted its holdings in Hub Group by 17.5% during the 3rd quarter. FMR LLC now owns 54,650 shares of the transportation company's stock valued at $2,484,000 after buying an additional 8,130 shares in the last quarter. FORA Capital LLC purchased a new stake in Hub Group in the 3rd quarter valued at about $372,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hub Group by 4.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,307 shares of the transportation company's stock worth $5,195,000 after acquiring an additional 5,092 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays decreased their price target on shares of Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday. Stifel Nicolaus lifted their target price on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Finally, Susquehanna dropped their target price 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. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $46.73.

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Hub Group Stock Down 9.2 %

Hub Group stock traded down $3.51 during trading hours on Thursday, reaching $34.50. The stock had a trading volume of 139,390 shares, compared to its average volume of 501,078. Hub Group, Inc. has a 52 week low of $34.45 and a 52 week high of $53.21. The company has a market cap of $2.12 billion, a price-to-earnings ratio of 20.29 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The business's 50 day moving average price is $40.76 and its 200-day moving average price is $44.30.

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

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Hub Group's payout ratio is 29.41%.

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.