Royce & Associates LP grew its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 656,159 shares of the transportation company's stock after purchasing an additional 16,066 shares during the period. Royce & Associates LP owned about 1.07% of Hub Group worth $29,238,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the company. River Road Asset Management LLC purchased a new position in shares of Hub Group in the 4th quarter worth approximately $17,458,000. Raymond James Financial Inc. bought a new stake in Hub Group during the fourth quarter worth $9,315,000. Principal Financial Group Inc. boosted its position in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Barclays PLC grew its stake in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after purchasing an additional 78,467 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock valued at $25,753,000 after purchasing an additional 73,712 shares during the last quarter. 46.77% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the stock. Benchmark boosted their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a 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 company a "buy" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price target for the company. Susquehanna upgraded 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. Finally, Barclays decreased their target price on Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Hub Group presently has a consensus rating of "Hold" and a consensus price target of $47.82.
View Our Latest Report on Hub Group
Hub Group Price Performance
HUBG traded up $1.07 on Monday, reaching $38.15. The company had a trading volume of 813,185 shares, compared to its average volume of 457,554. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a 52-week low of $36.34 and a 52-week high of $53.21. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 22.44 and a beta of 0.93. The business has a 50 day simple moving average of $42.50 and a 200 day simple moving average of $44.94.
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 analysts' consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, sell-side analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.
Hub Group Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group's dividend payout ratio is presently 29.41%.
Hub Group Profile
(
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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