Amundi raised its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 51.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC boosted its stake in shares of 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 last quarter. Blue Trust Inc. lifted its stake in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after buying an additional 450 shares in the last quarter. KBC Group NV lifted its stake in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after buying an additional 670 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Hub Group during the 3rd quarter valued at $204,000. Finally, iSAM Funds UK Ltd purchased a new position in shares of Hub Group during the 3rd quarter valued at $214,000. Hedge funds and other institutional investors own 46.77% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently commented on HUBG. 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 report on Thursday, January 23rd. Susquehanna raised 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. Benchmark raised their price objective on shares of 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 shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Finally, Barclays reduced their price objective on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Hub Group currently has an average rating of "Hold" and an average target price of $47.82.
Check Out Our Latest Stock Report on Hub Group
Hub Group Stock Performance
HUBG traded down $0.49 during trading on Wednesday, hitting $36.86. The stock had a trading volume of 200,976 shares, compared to its average volume of 458,147. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a market capitalization of $2.27 billion, a P/E ratio of 21.69 and a beta of 0.93. The company's 50-day moving average price is $42.36 and its 200 day moving average price is $44.87. Hub Group, Inc. has a twelve month low of $36.34 and a twelve month high of $53.21.
Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share 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, equities research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.
Hub Group Dividend Announcement
The company also recently declared 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 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) 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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