Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 14.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 783,456 shares of the transportation company's stock after acquiring an additional 97,768 shares during the period. Principal Financial Group Inc. owned 1.26% of Hub Group worth $35,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company's stock worth $297,523,000 after acquiring an additional 3,427,047 shares during the period. William Blair Investment Management LLC boosted its position in Hub Group by 99.5% during the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company's stock valued at $36,390,000 after acquiring an additional 419,873 shares in the last quarter. Select Equity Group L.P. boosted its position in Hub Group by 19.4% during the 2nd quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock valued at $79,055,000 after acquiring an additional 298,390 shares in the last quarter. Edgestream Partners L.P. bought a new stake in Hub Group during the 1st quarter valued at approximately $5,843,000. Finally, Point72 Asset Management L.P. bought a new stake in Hub Group during the 2nd quarter valued at approximately $4,680,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on HUBG. Susquehanna dropped their price target on Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Friday, November 1st. Barclays increased their target price on Hub Group from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Thursday, October 31st. Stifel Nicolaus lowered their price target on Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. increased their price target on shares of Hub Group from $43.00 to $51.00 and gave the stock a "neutral" rating in a research report on Friday, August 2nd. Finally, UBS Group raised their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Hub Group has an average rating of "Hold" and an average price target of $46.00.

Hub Group Price Performance

HUBG traded down $0.66 during trading on Tuesday, reaching $49.30. 622,470 shares of the stock were exchanged, compared to its average volume of 449,752. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.32. Hub Group, Inc. has a 1 year low of $35.28 and a 1 year high of $50.20. The business's 50 day moving average price is $44.55 and its two-hundred day moving average price is $43.81. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 28.39 and a beta of 0.89.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $0.49 earnings per share. The business's revenue was down 3.7% on a year-over-year basis. As a group, equities research analysts anticipate that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a $0.125 dividend. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.01%. Hub Group's payout ratio is currently 28.41%.

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.