Amundi increased its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 51.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,043 shares of the transportation company's stock after acquiring an additional 16,267 shares during the quarter. Amundi owned approximately 0.08% of Hub Group worth $2,122,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in HUBG. Raymond James Financial Inc. purchased a new stake in Hub Group in the fourth quarter worth about $9,315,000. Principal Financial Group Inc. raised its holdings in Hub Group by 14.3% in the third 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. Barclays PLC raised its holdings in Hub Group by 199.6% in the third 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. Bank of New York Mellon Corp raised its holdings 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 worth $25,753,000 after purchasing an additional 73,712 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new position in Hub Group in the third quarter worth about $3,212,000. 46.77% of the stock is owned by hedge funds and other institutional investors.
Hub Group Price Performance
Shares of NASDAQ HUBG opened at $38.15 on Tuesday. The business's 50 day moving average price is $42.50 and its 200 day moving average price is $44.94. The firm has a market cap of $2.35 billion, a P/E ratio of 22.44 and a beta of 0.93. Hub Group, Inc. has a 52 week low of $36.34 and a 52 week high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.
Hub Group (NASDAQ:HUBG - Get Free Report) last issued 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 return on equity of 7.10% and a net margin of 2.64%. On average, sell-side analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.
Hub Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.31%. Hub Group's dividend payout ratio is presently 29.41%.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on HUBG shares. Barclays reduced their target price on shares of Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Stifel Nicolaus boosted their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Susquehanna upgraded shares of 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. Finally, Benchmark upped their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $47.82.
View Our Latest Analysis on Hub Group
About Hub Group
(
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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