Citigroup Inc. lifted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 54.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,083 shares of the transportation company's stock after purchasing an additional 41,046 shares during the period. Citigroup Inc. owned 0.19% of Hub Group worth $5,321,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in HUBG. Price T Rowe Associates Inc. MD boosted its holdings in shares of Hub Group by 111.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company's stock worth $1,850,000 after buying an additional 22,542 shares in the last quarter. Comerica Bank grew its holdings in Hub Group by 84.5% in the first quarter. Comerica Bank now owns 26,627 shares of the transportation company's stock worth $1,151,000 after purchasing an additional 12,196 shares during the period. Principal Financial Group Inc. grew 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 during the period. California State Teachers Retirement System increased its stake in Hub Group by 90.6% in the first quarter. California State Teachers Retirement System now owns 63,204 shares of the transportation company's stock valued at $2,732,000 after purchasing an additional 30,052 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of Hub Group by 53.7% during the second quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company's stock valued at $5,065,000 after purchasing an additional 41,119 shares during the period. Institutional investors own 46.77% of the company's stock.
Hub Group Stock Performance
Shares of Hub Group stock traded up $0.31 during mid-day trading on Monday, hitting $51.95. 533,490 shares of the stock were exchanged, compared to its average volume of 467,925. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. The company has a 50-day simple moving average of $46.17 and a 200 day simple moving average of $44.63. The company has a market capitalization of $3.19 billion, a P/E ratio of 29.34 and a beta of 0.89. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.
Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million for the quarter, compared to analysts' expectations of $1.06 billion. During the same quarter in the previous year, the firm earned $0.49 earnings per share. The business's revenue was down 3.7% on a year-over-year basis. Sell-side analysts anticipate that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.
Hub Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group's dividend payout ratio is 28.41%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on HUBG shares. Evercore ISI raised their target price on Hub Group from $41.00 to $43.00 and gave the company an "in-line" rating in a research note on Thursday, October 3rd. Benchmark reissued a "buy" rating and issued a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Barclays upped their target price on Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Stifel Nicolaus reduced their price target on shares of Hub Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Finally, Susquehanna lowered their price objective on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a report on Friday, November 1st. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hub Group currently has a consensus rating of "Hold" and a consensus target price of $46.83.
Check Out Our Latest Stock Analysis 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.
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