Amundi raised its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 51.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,043 shares of the transportation company's stock after purchasing an additional 16,267 shares during the quarter. Amundi owned 0.08% of Hub Group worth $2,122,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its stake in Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock valued at $113,148,000 after purchasing an additional 20,215 shares during the period. Geode Capital Management LLC grew its stake in Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company's stock valued at $67,383,000 after purchasing an additional 10,328 shares during the period. Principal Financial Group Inc. grew its stake in Hub Group by 14.3% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. grew its stake in Hub Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company's stock valued at $30,081,000 after purchasing an additional 11,548 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock worth $25,753,000 after acquiring an additional 73,712 shares during the period. Institutional investors own 46.77% of the company's stock.
Hub Group Price Performance
Shares of NASDAQ:HUBG traded down $0.81 on Tuesday, hitting $37.34. The company's stock had a trading volume of 880,719 shares, compared to its average volume of 459,209. The company has a market capitalization of $2.30 billion, a PE ratio of 21.96 and a beta of 0.93. 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 company has a 50-day simple moving average of $42.50 and a 200 day simple moving average of $44.94. Hub Group, Inc. has a 1 year low of $36.34 and a 1 year high of $53.21.
Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share 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 forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.
Hub Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group's dividend payout ratio is currently 29.41%.
Wall Street Analysts Forecast Growth
HUBG has been the subject of several research reports. Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research note 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 note on Friday, January 10th. Barclays cut their price target on Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Susquehanna upgraded Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target for the company in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price target for the company. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $47.82.
Read Our Latest Report on HUBG
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.
Further Reading
Before you consider Hub Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hub Group wasn't on the list.
While Hub Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
