Versor Investments LP Invests $334,000 in Hub Group, Inc. (NASDAQ:HUBG)

Versor Investments LP purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 7,500 shares of the transportation company's stock, valued at approximately $334,000.

Several other hedge funds have also bought and sold shares of HUBG. State Street Corp raised its holdings in shares of Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company's stock worth $113,148,000 after acquiring an additional 20,215 shares in the last quarter. Geode Capital Management LLC lifted its position in Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company's stock valued at $67,383,000 after purchasing an additional 10,328 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after buying an additional 97,768 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Hub Group by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company's stock worth $30,157,000 after buying an additional 23,470 shares during the last quarter. Finally, Royce & Associates LP raised its position in shares of Hub Group by 1.8% during the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company's stock valued at $29,092,000 after buying an additional 11,615 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Trading Down 2.2 %

HUBG stock traded down $0.89 during trading on Tuesday, hitting $38.97. The company had a trading volume of 476,076 shares, compared to its average volume of 533,350. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21. The company has a 50 day simple moving average of $43.62 and a 200-day simple moving average of $45.30. The firm has a market capitalization of $2.39 billion, a P/E ratio of 22.92 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

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

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 1.28%. The ex-dividend date was Friday, December 6th. Hub Group's payout ratio is 29.41%.

Analysts Set New Price Targets

HUBG has been the topic of several analyst reports. Benchmark boosted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Susquehanna upgraded Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target on the stock in a report on Friday, January 3rd. Stifel Nicolaus raised their price target on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Barclays cut 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 report on Monday, February 10th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $48.50.

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.