Vanguard Group Inc. Sells 95,815 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Vanguard Group Inc. reduced its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,621,081 shares of the transportation company's stock after selling 95,815 shares during the period. Vanguard Group Inc. owned approximately 10.79% of Hub Group worth $295,035,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in Hub Group during the third quarter worth about $481,000. Barclays PLC raised its position in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock valued at $5,354,000 after acquiring an additional 78,467 shares in the last quarter. State Street Corp lifted its position in Hub Group by 0.8% in the 3rd 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in Hub Group during the 4th quarter valued at $1,279,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in Hub Group by 16.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock worth $424,000 after acquiring an additional 1,368 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Down 0.3 %

NASDAQ:HUBG traded down $0.10 during mid-day trading on Wednesday, reaching $31.80. The stock had a trading volume of 54,482 shares, compared to its average volume of 506,391. The stock has a market cap of $1.96 billion, a P/E ratio of 18.77 and a beta of 1.04. The business's 50 day moving average is $39.49 and its 200 day moving average is $43.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. Hub Group, Inc. has a fifty-two week low of $30.98 and a fifty-two week high of $53.21.

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Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, sell-side analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.57%. Hub Group's payout ratio is 29.41%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Benchmark raised their target price 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. Susquehanna cut their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. Barclays cut their target price on shares of Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Finally, Stifel Nicolaus lifted their price target on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $46.73.

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.