Geode Capital Management LLC Sells 24,870 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Geode Capital Management LLC trimmed its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,457,438 shares of the transportation company's stock after selling 24,870 shares during the quarter. Geode Capital Management LLC owned approximately 2.38% of Hub Group worth $64,958,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HUBG. Nomura Asset Management Co. Ltd. boosted its position in shares of Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after buying an additional 1,142 shares during the last quarter. Blue Trust Inc. grew its position in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock worth $103,000 after buying an additional 450 shares during the period. KBC Group NV increased its stake in shares of Hub Group by 35.3% in the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after acquiring an additional 670 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in shares of Hub Group in the 3rd quarter valued at approximately $214,000. 46.77% of the stock is owned by institutional investors.

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Hub Group Stock Up 1.5 %

NASDAQ HUBG traded up $0.55 during trading on Wednesday, hitting $37.77. The stock had a trading volume of 81,171 shares, compared to its average volume of 621,190. Hub Group, Inc. has a 12 month low of $36.04 and a 12 month high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The company's 50-day moving average price is $40.90 and its two-hundred day moving average price is $44.34. The company has a market capitalization of $2.32 billion, a PE ratio of 22.22 and a beta of 1.04.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.32%. Hub Group's dividend payout ratio is 29.41%.

Analyst Ratings Changes

A number of research analysts recently issued reports on HUBG shares. Barclays decreased their price objective on shares of Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday. Stifel Nicolaus boosted 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. Benchmark raised their price objective on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Susquehanna decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price target on the stock. 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, the stock has a consensus rating of "Hold" and an average target price 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.