Victory Capital Management Inc. Reduces Position in Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. trimmed its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 3.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,067,183 shares of the transportation company's stock after selling 111,620 shares during the period. Victory Capital Management Inc. owned approximately 5.00% of Hub Group worth $136,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. XTX Topco Ltd purchased a new position in Hub Group during the third quarter worth $481,000. Barclays PLC raised its holdings in shares of Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after buying an additional 78,467 shares during the period. Principal Financial Group Inc. boosted its holdings in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after acquiring an additional 97,768 shares during the period. State Street Corp increased its stake 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 worth $113,148,000 after purchasing an additional 20,215 shares during the period. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of 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 purchasing an additional 1,368 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

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Hub Group Stock Down 0.4 %

Shares of NASDAQ:HUBG traded down $0.15 during trading on Friday, reaching $39.36. The stock had a trading volume of 542,674 shares, compared to its average volume of 535,477. The firm's 50-day simple moving average is $43.33 and its 200 day simple moving average is $45.20. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a one year low of $38.07 and a one year high of $53.21. The company has a market capitalization of $2.42 billion, a P/E ratio of 23.15 and a beta of 0.93.

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 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 expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.27%. The ex-dividend date is Tuesday, March 18th. Hub Group's dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

HUBG has been the subject of a number of research analyst reports. Stifel Nicolaus lifted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday. They set a "hold" rating and a $41.00 price target on the stock. Barclays lowered 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. Finally, Susquehanna upgraded shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 target price on the stock in a report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Hub Group has a consensus rating of "Hold" and an average price target of $47.82.

Hub Group Company 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.