Principal Financial Group Inc. trimmed its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 62.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 294,738 shares of the transportation company's stock after selling 488,718 shares during the period. Principal Financial Group Inc. owned 0.48% of Hub Group worth $13,134,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in HUBG. XTX Topco Ltd acquired a new stake in shares of Hub Group in the 3rd quarter worth $481,000. Barclays PLC raised its holdings in 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 purchasing an additional 78,467 shares in the last quarter. State Street Corp lifted its position in 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 purchasing an additional 20,215 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in 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 purchasing an additional 1,368 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in Hub Group by 58.5% during the 3rd quarter. Verition Fund Management LLC now owns 106,683 shares of the transportation company's stock worth $4,849,000 after purchasing an additional 39,377 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.
Hub Group Stock Up 2.0 %
Hub Group stock traded up $0.81 during midday trading on Friday, hitting $41.10. 599,768 shares of the stock were exchanged, compared to its average volume of 536,212. Hub Group, Inc. has a 1 year low of $38.07 and a 1 year 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 has a market cap of $2.52 billion, a P/E ratio of 24.18 and a beta of 0.94. The company has a 50 day moving average price of $43.79 and a two-hundred day moving average price of $45.33.
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 (EPS) 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%. On average, sell-side analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.
Hub Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.22%. Hub Group's dividend payout ratio is presently 29.41%.
Wall Street Analyst Weigh In
A number of equities research analysts have commented on the company. Stifel Nicolaus raised their target price on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Barclays reduced their price objective on shares of Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Benchmark upped their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Susquehanna raised shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $48.50.
View Our Latest Research Report on Hub Group
About Hub Group
(
Free Report)
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.
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