Corient Private Wealth LLC decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 67.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,617 shares of the transportation company's stock after selling 11,560 shares during the period. Corient Private Wealth LLC's holdings in Hub Group were worth $250,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in HUBG. Charles Schwab Investment Management Inc. raised its position in shares of Hub Group by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company's stock valued at $30,157,000 after purchasing an additional 23,470 shares in the last quarter. Citigroup Inc. increased its stake in shares of Hub Group by 54.0% in the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company's stock worth $5,321,000 after buying an additional 41,046 shares during the last quarter. FMR LLC raised its holdings in Hub Group by 17.5% in the third quarter. FMR LLC now owns 54,650 shares of the transportation company's stock valued at $2,484,000 after acquiring an additional 8,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Hub Group by 4.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,307 shares of the transportation company's stock valued at $5,195,000 after acquiring an additional 5,092 shares during the last quarter. Finally, Verition Fund Management LLC grew its holdings in Hub Group by 58.5% during the 3rd quarter. Verition Fund Management LLC now owns 106,683 shares of the transportation company's stock worth $4,849,000 after acquiring an additional 39,377 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.
Analyst Ratings Changes
Several equities analysts have recently commented on the stock. Benchmark increased their price target 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. Barclays reduced their target price on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a report on Wednesday. Stifel Nicolaus boosted their price target on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Susquehanna reduced their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Hub Group presently has a consensus rating of "Hold" and a consensus price target of $46.73.
Read Our Latest Analysis on HUBG
Hub Group Stock Performance
Shares of HUBG stock traded down $0.55 during trading hours on Friday, reaching $33.38. The stock had a trading volume of 661,736 shares, compared to its average volume of 505,452. The firm has a market capitalization of $2.05 billion, a PE ratio of 19.64 and a beta of 1.04. The firm has a 50-day simple moving average of $40.29 and a 200-day simple moving average of $44.14. Hub Group, Inc. has a twelve month low of $31.63 and a twelve month high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.
Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, equities analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.
Hub Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Hub Group's payout ratio is 29.41%.
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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