KLP Kapitalforvaltning AS Purchases New Holdings in Hub Group, Inc. (NASDAQ:HUBG)

KLP Kapitalforvaltning AS acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 28,700 shares of the transportation company's stock, valued at approximately $1,279,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of Hub Group by 10.9% in the 4th quarter. Sei Investments Co. now owns 47,755 shares of the transportation company's stock valued at $2,128,000 after purchasing an additional 4,701 shares during the period. Teacher Retirement System of Texas increased its holdings in Hub Group by 5.5% in the fourth quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company's stock valued at $890,000 after purchasing an additional 1,045 shares during the last quarter. Intech Investment Management LLC lifted its stake in Hub Group by 50.6% in the fourth quarter. Intech Investment Management LLC now owns 29,390 shares of the transportation company's stock valued at $1,310,000 after buying an additional 9,878 shares during the period. William Blair Investment Management LLC boosted its holdings in Hub Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company's stock worth $37,250,000 after buying an additional 20,259 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new position in shares of Hub Group during the 4th quarter worth about $250,000. 46.77% of the stock is owned by institutional investors.

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Hub Group Stock Down 10.7 %

Shares of HUBG stock traded down $4.08 on Thursday, hitting $33.93. 550,243 shares of the stock were exchanged, compared to its average volume of 503,676. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.09 billion, a P/E ratio of 19.96 and a beta of 1.04. Hub Group, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $53.21. The business has a 50-day moving average of $40.53 and a 200 day moving average of $44.22.

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

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HUBG. Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, January 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 report on Wednesday, March 26th. 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. Barclays dropped 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. Finally, Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $46.73.

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.