Hub Group, Inc. (NASDAQ:HUBG) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 50.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,390 shares of the transportation company's stock after purchasing an additional 9,878 shares during the period. Intech Investment Management LLC's holdings in Hub Group were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. XTX Topco Ltd purchased a new position in shares of Hub Group during the 3rd quarter worth approximately $481,000. Barclays PLC boosted its position in shares of Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after buying an additional 78,467 shares during the period. State Street Corp grew its stake in shares of Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock valued at $113,148,000 after buying an additional 20,215 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock valued at $424,000 after buying an additional 1,368 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock worth $25,753,000 after acquiring an additional 73,712 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

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Hub Group Trading Up 0.8 %

NASDAQ:HUBG traded up $0.29 on Wednesday, reaching $38.01. The stock had a trading volume of 1,852,679 shares, compared to its average volume of 481,526. The company has a market cap of $2.34 billion, a price-to-earnings ratio of 22.36 and a beta of 0.93. 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 current ratio of 1.33 and a quick ratio of 1.30. The firm's fifty day moving average is $41.70 and its two-hundred day moving average is $44.57.

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, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Equities analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.32%. Hub Group's dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

HUBG has been the subject of several research reports. 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 research report on Monday, February 10th. Susquehanna cut their target price on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday. Stifel Nicolaus raised their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price objective on the stock. Finally, Benchmark increased their price objective on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hub Group currently has an average rating of "Hold" and an average price target of $47.18.

Hub Group 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.