Wells Fargo & Company MN decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 32.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 50,186 shares of the transportation company's stock after selling 23,670 shares during the period. Wells Fargo & Company MN owned 0.08% of Hub Group worth $2,236,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings 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 buying an additional 78,467 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Hub Group during the fourth quarter worth about $1,279,000. Hennion & Walsh Asset Management Inc. increased its stake 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 valued at $424,000 after acquiring an additional 1,368 shares during the period. Bank of New York Mellon Corp raised its holdings in Hub Group by 14.6% in 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 acquiring an additional 73,712 shares in the last quarter. Finally, Atria Investments Inc acquired a new position in shares of Hub Group in the 4th quarter valued at $216,000. Institutional investors and hedge funds own 46.77% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Barclays lowered 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. Susquehanna dropped their target price on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Benchmark decreased their price target on Hub Group from $49.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price objective for the company. Finally, 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. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Hub Group presently has an average rating of "Hold" and a consensus target price of $45.91.
Get Our Latest Stock Report on HUBG
Hub Group Stock Performance
Hub Group stock opened at $32.15 on Friday. The stock has a 50-day simple moving average of $36.67 and a 200 day simple moving average of $42.77. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 18.91 and a beta of 1.04. 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, Inc. has a 12-month low of $30.97 and a 12-month high of $53.21.
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, hitting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.
Hub Group Announces Dividend
The company also recently announced 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 was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.56%. Hub Group's dividend payout ratio (DPR) is currently 29.41%.
About Hub Group
(
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.
Further Reading
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