2,134,320 Shares in Hub Group, Inc. (NASDAQ:HUBG) Purchased by Capital International Investors

Capital International Investors acquired a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,134,320 shares of the transportation company's stock, valued at approximately $95,105,000. Capital International Investors owned about 3.48% of Hub Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. grew its stake in shares of Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after buying an additional 310 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after purchasing an additional 1,142 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after acquiring an additional 1,679 shares during the period. Blue Trust Inc. boosted its holdings in shares of Hub Group by 24.8% in 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. Finally, KBC Group NV raised its stake in Hub Group by 35.3% in the fourth 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 during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

HUBG traded up $0.72 during trading on Thursday, hitting $33.46. The stock had a trading volume of 407,781 shares, compared to its average volume of 618,770. The company has a 50 day simple moving average of $37.08 and a 200-day simple moving average of $42.91. Hub Group, Inc. has a 12 month low of $30.97 and a 12 month high of $53.21. The firm has a market cap of $2.06 billion, a PE ratio of 19.68 and a beta of 1.04. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

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

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's payout ratio is 29.41%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HUBG. Stifel Nicolaus lifted their price target on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price target on the stock. Barclays cut their target price on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 2nd. Benchmark lowered their target price on Hub Group from $49.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday. Finally, Susquehanna dropped 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Hub Group has an average rating of "Hold" and a consensus target price of $45.91.

About Hub Group

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.