Illumine Investment Management LLC Buys New Shares in Hub Group, Inc. (NASDAQ:HUBG)

Illumine Investment Management LLC purchased a new position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,126 shares of the transportation company's stock, valued at approximately $629,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock worth $103,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV boosted its stake in Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after buying an additional 670 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Hub Group during the third quarter worth approximately $204,000. iSAM Funds UK Ltd bought a new stake in shares of Hub Group in the 3rd quarter worth approximately $214,000. Finally, Highland Capital Management LLC boosted its stake in shares of Hub Group by 6.6% in the 4th 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 in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Stock Down 2.2 %

HUBG traded down $0.89 on Tuesday, hitting $38.97. The company had a trading volume of 476,059 shares, compared to its average volume of 533,350. The stock has a fifty day simple moving average of $43.72 and a 200-day simple moving average of $45.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market capitalization of $2.39 billion, a P/E ratio of 22.92 and a beta of 0.94. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly 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 return on equity of 7.10% and a net margin of 2.64%. As a group, equities analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, December 6th. Hub Group's payout ratio is currently 29.41%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Barclays dropped their target price on Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a report on Monday, February 10th. Susquehanna raised Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd. Finally, Benchmark raised their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Hub Group has an average rating of "Hold" and a consensus price target of $48.50.

About Hub Group

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.