Raymond James Financial Inc. bought a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 209,063 shares of the transportation company's stock, valued at approximately $9,315,000. Raymond James Financial Inc. owned 0.34% of Hub Group as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Barclays PLC raised its holdings in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after buying an additional 78,467 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Hub Group by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock valued at $25,753,000 after buying an additional 73,712 shares in the last quarter. Edgestream Partners L.P. bought a new position in Hub Group in the third quarter valued at about $3,212,000. Finally, Citigroup Inc. raised its stake in Hub Group by 54.0% during the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company's stock worth $5,321,000 after acquiring an additional 41,046 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 target price on the stock. Susquehanna raised Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective on the stock in a report on Friday, January 3rd. Benchmark boosted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Barclays dropped their target price on Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $47.82.
Check Out Our Latest Stock Analysis on HUBG
Hub Group Trading Down 1.1 %
Shares of HUBG traded down $0.43 during mid-day trading on Tuesday, reaching $37.72. 714,643 shares of the company were exchanged, compared to its average volume of 474,267. The business has a 50 day simple moving average of $41.85 and a two-hundred day simple moving average of $44.62. Hub Group, Inc. has a 52 week low of $36.04 and a 52 week high of $53.21. The stock has a market capitalization of $2.32 billion, a PE ratio of 22.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.
Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.
Hub Group Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Tuesday, March 18th. Hub Group's dividend payout ratio is 29.41%.
Hub Group Company Profile
(
Free Report)
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.
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