Charles Schwab Investment Management Inc. Has $30.16 Million Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Charles Schwab Investment Management Inc. grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 3.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 663,516 shares of the transportation company's stock after buying an additional 23,470 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.08% of Hub Group worth $30,157,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Pacer Advisors Inc. raised its holdings in shares of Hub Group by 0.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company's stock worth $101,450,000 after purchasing an additional 8,700 shares in the last quarter. Select Equity Group L.P. raised its holdings in shares of Hub Group by 19.4% in the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock worth $79,055,000 after purchasing an additional 298,390 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Hub Group by 6.1% in the 2nd quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company's stock worth $56,919,000 after purchasing an additional 76,431 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Hub Group by 14.3% in the 3rd 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 in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company's stock worth $29,092,000 after purchasing an additional 11,615 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Stock Down 1.1 %

HUBG traded down $0.57 on Thursday, reaching $50.59. 454,828 shares of the company traded hands, compared to its average volume of 468,244. The stock's 50 day moving average price is $46.54 and its 200-day moving average price is $44.80. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21. The company has a market cap of $3.10 billion, a price-to-earnings ratio of 29.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. On average, sell-side analysts expect that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced 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 0.99%. The ex-dividend date of this dividend is Friday, December 6th. Hub Group's dividend payout ratio is 28.41%.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Cowen boosted their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a report on Thursday, October 31st. Evercore ISI lifted their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a research report on Thursday, October 3rd. Susquehanna dropped their target price on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Barclays lifted their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 13th. Finally, Benchmark reissued a "buy" rating and issued a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hub Group presently has a consensus rating of "Hold" and an average price target of $46.83.

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.