Invesco Ltd. Acquires 23,674 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Invesco Ltd. grew its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,838,308 shares of the transportation company's stock after purchasing an additional 23,674 shares during the period. Invesco Ltd. owned about 3.00% of Hub Group worth $81,915,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dana Investment Advisors Inc. increased its holdings in Hub Group by 1.1% in the 4th quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after buying an additional 252 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of Hub Group by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock valued at $1,405,000 after acquiring an additional 260 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after acquiring an additional 310 shares during the period. Highland Capital Management LLC raised its holdings in shares of Hub Group by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock valued at $242,000 after purchasing an additional 338 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after purchasing an additional 450 shares during the period. 46.77% of the stock is owned by institutional investors.

Hub Group Price Performance

HUBG traded up $0.67 on Friday, hitting $32.30. 447,112 shares of the company's stock traded hands, compared to its average volume of 513,689. Hub Group, Inc. has a one year low of $31.30 and a one year high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 19.00 and a beta of 1.04. The company's 50 day simple moving average is $37.91 and its 200-day simple moving average is $43.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results 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 net margin of 2.64% and a return on equity of 7.10%. As a group, research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.55%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HUBG shares. Benchmark boosted their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Susquehanna cut their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus raised their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 price target on the stock. Finally, Barclays reduced their price objective 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. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $46.73.

Hub Group Company 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.