Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System trimmed its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 11.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,638 shares of the transportation company's stock after selling 8,816 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Hub Group worth $3,192,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HUBG. Principal Financial Group Inc. boosted its holdings in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Barclays PLC boosted its stake in shares of Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after buying an additional 78,467 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Hub Group in the third quarter valued at approximately $3,212,000. Citigroup Inc. raised its position in Hub Group by 54.0% in the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company's stock worth $5,321,000 after acquiring an additional 41,046 shares in the last quarter. Finally, Stephens Investment Management Group LLC raised its position in Hub Group by 13.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 326,055 shares of the transportation company's stock worth $14,529,000 after acquiring an additional 39,624 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HUBG. Stifel Nicolaus boosted their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. TD Cowen boosted their price objective 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. Barclays dropped their target price on shares of 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 upgraded Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target on the stock in a report on Friday, January 3rd. Finally, Benchmark lifted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $48.50.

Hub Group Price Performance

Hub Group stock traded down $0.02 during mid-day trading on Tuesday, hitting $42.21. 612,149 shares of the company were exchanged, compared to its average volume of 525,096. Hub Group, Inc. has a 12-month low of $38.07 and a 12-month high of $53.21. The company has a market capitalization of $2.59 billion, a P/E ratio of 24.83 and a beta of 0.94. The business's 50 day simple moving average is $44.03 and its two-hundred day simple moving average is $45.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its 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 net margin of 2.64% and a return on equity of 7.10%. Analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.18%. Hub Group's payout ratio is currently 29.41%.

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.