Retirement Systems of Alabama Has $4.72 Million Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Retirement Systems of Alabama boosted its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,844 shares of the transportation company's stock after purchasing an additional 8,594 shares during the period. Retirement Systems of Alabama owned approximately 0.17% of Hub Group worth $4,716,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC raised its position in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company's stock worth $32,000 after buying an additional 280 shares in the last quarter. Blue Trust Inc. raised its position in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock worth $103,000 after buying an additional 450 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Hub Group during the 3rd quarter worth about $106,000. KBC Group NV raised its position in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after buying an additional 670 shares in the last quarter. Finally, CWM LLC raised its position in shares of Hub Group by 24.8% during the 3rd quarter. CWM LLC now owns 2,853 shares of the transportation company's stock worth $130,000 after buying an additional 567 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on HUBG shares. Stifel Nicolaus boosted their price target 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 lifted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a "hold" rating in a research note on Thursday, October 31st. Susquehanna raised shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective on the stock in a research note on Friday, January 3rd. Barclays lowered their price objective on shares of Hub Group from $52.00 to $50.00 and set an "equal weight" rating on the stock in a research note on Monday. Finally, Benchmark lifted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $48.50.

Hub Group Trading Up 0.9 %

Shares of Hub Group stock traded up $0.40 during trading on Friday, hitting $42.96. The stock had a trading volume of 419,303 shares, compared to its average volume of 473,123. The stock has a 50 day simple moving average of $44.98 and a 200 day simple moving average of $45.42. The company has a market capitalization of $2.64 billion, a PE ratio of 25.27 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 1 year low of $38.07 and a 1 year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.17%. On average, research analysts expect that Hub Group, Inc. will post 2.38 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group's payout ratio is presently 29.41%.

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.