Charles Schwab Investment Management Inc. Boosts Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Charles Schwab Investment Management Inc. increased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 675,064 shares of the transportation company's stock after buying an additional 11,548 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.10% of Hub Group worth $30,081,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBG. Smartleaf Asset Management LLC lifted its stake 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 acquiring an additional 1,142 shares during the last quarter. Blue Trust Inc. lifted its stake 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 acquiring an additional 450 shares during the last quarter. KBC Group NV lifted its stake in shares of Hub Group by 35.3% in the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after acquiring an additional 670 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Hub Group in the 3rd quarter valued at $204,000. Finally, iSAM Funds UK Ltd bought a new position in shares of Hub Group in the 3rd quarter valued at $214,000. 46.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on HUBG shares. Benchmark increased their price objective on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday, January 10th. Susquehanna upgraded Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays decreased their price target on Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hub Group currently has an average rating of "Hold" and a consensus price target of $47.82.

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Hub Group Stock Performance

Hub Group stock traded down $0.81 during mid-day trading on Tuesday, reaching $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 P/E ratio of 21.96 and a beta of 0.93. Hub Group, Inc. has a 12-month low of $36.34 and a 12-month high of $53.21. The firm's fifty day moving average price is $42.50 and its two-hundred day moving average price is $44.94. 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 released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

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 $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.34%. Hub Group's payout ratio is currently 29.41%.

Hub Group Profile

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.