Trexquant Investment LP Raises Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Trexquant Investment LP boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 333.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 34,854 shares of the transportation company's stock after buying an additional 26,808 shares during the period. Trexquant Investment LP owned 0.06% of Hub Group worth $1,553,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new stake in shares of Hub Group during the fourth quarter worth about $41,487,000. River Road Asset Management LLC purchased a new stake in Hub Group during the 4th quarter valued at approximately $17,458,000. Segall Bryant & Hamill LLC raised its position in shares of Hub Group by 60.6% during the fourth quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company's stock valued at $26,252,000 after buying an additional 222,405 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Hub Group in the fourth quarter worth $9,315,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Hub Group by 64.1% during the fourth quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company's stock worth $13,352,000 after acquiring an additional 117,047 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HUBG has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Barclays reduced their price objective on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Susquehanna cut their target price on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Eight investment 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, the stock presently has an average rating of "Hold" and a consensus price target of $46.73.

Hub Group Trading Down 0.6 %

Shares of HUBG stock traded down $0.21 during trading hours on Tuesday, reaching $33.23. 72,630 shares of the stock were exchanged, compared to its average volume of 511,340. 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, Inc. has a 12-month low of $31.41 and a 12-month high of $53.21. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.54 and a beta of 1.04. The company's 50-day moving average price is $38.51 and its 200-day moving average price is $43.46.

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

Hub Group Dividend Announcement

The firm 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. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.50%. Hub Group's payout ratio is 29.41%.

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.