Norges Bank Buys New Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Norges Bank acquired a new position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 931,034 shares of the transportation company's stock, valued at approximately $41,487,000. Norges Bank owned approximately 1.52% of Hub Group at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its holdings in shares of Hub Group by 64.1% during the fourth quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company's stock worth $13,352,000 after purchasing an additional 117,047 shares during the period. Segall Bryant & Hamill LLC lifted its position in Hub Group by 60.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company's stock worth $26,252,000 after buying an additional 222,405 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Hub Group during the 4th quarter valued at $1,279,000. Sei Investments Co. boosted its stake in shares of Hub Group by 10.9% during the 4th quarter. Sei Investments Co. now owns 47,755 shares of the transportation company's stock valued at $2,128,000 after buying an additional 4,701 shares during the period. Finally, Teacher Retirement System of Texas grew its holdings in shares of Hub Group by 5.5% during the 4th quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company's stock valued at $890,000 after acquiring an additional 1,045 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

HUBG has been the subject of a number of research reports. Barclays reduced their price objective on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price target for the company. Benchmark raised their price objective 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. 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. Finally, Susquehanna cut their price target 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. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Hub Group currently has an average rating of "Hold" and a consensus target price of $46.73.

Hub Group Stock Performance

Hub Group stock traded down $0.44 on Wednesday, reaching $31.46. 65,778 shares of the stock were exchanged, compared to its average volume of 506,439. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a twelve month low of $30.98 and a twelve month high of $53.21. The firm has a fifty day moving average price of $39.49 and a two-hundred day moving average price of $43.85. The stock has a market cap of $1.93 billion, a PE ratio of 18.51 and a beta of 1.04.

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 return on equity of 7.10% and a net margin of 2.64%. Sell-side analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's dividend 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.