Walleye Capital LLC Makes New $7.52 Million Investment in Hub Group, Inc. (NASDAQ:HUBG)

Walleye Capital LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 168,727 shares of the transportation company's stock, valued at approximately $7,518,000. Walleye Capital LLC owned about 0.27% of Hub Group at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after buying an additional 310 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after acquiring an additional 1,142 shares during the period. Sterling Capital Management LLC grew its stake in shares of Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock worth $84,000 after purchasing an additional 1,679 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after purchasing an additional 450 shares during the period. Finally, KBC Group NV raised its stake in shares of Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after purchasing an additional 670 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

HUBG traded down $1.20 during midday trading on Monday, reaching $31.10. The company's stock had a trading volume of 50,819 shares, compared to its average volume of 511,599. 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 company has a fifty day simple moving average of $37.70 and a 200 day simple moving average of $43.13. The stock has a market cap of $1.91 billion, a P/E ratio of 18.30 and a beta of 1.04. Hub Group, Inc. has a twelve month low of $28.20 and a twelve month high of $53.21.

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

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HUBG. Benchmark lifted their price target on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Stifel Nicolaus upped their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Barclays dropped their target price on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Finally, Susquehanna cut their price objective on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $46.73.

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.