Y Intercept Hong Kong Ltd Purchases 21,675 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Y Intercept Hong Kong Ltd raised its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 344.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,961 shares of the transportation company's stock after acquiring an additional 21,675 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in Hub Group were worth $1,246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. State Street Corp grew its position in shares of Hub Group by 0.8% during 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 in the last quarter. Geode Capital Management LLC boosted its stake 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 buying an additional 10,328 shares during the last quarter. Principal Financial Group Inc. lifted 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 valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $30,157,000 after purchasing an additional 23,470 shares during the last quarter. Finally, Royce & Associates LP lifted its stake in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company's stock valued at $29,092,000 after purchasing an additional 11,615 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Analyst Ratings Changes

HUBG has been the subject of a number of research analyst reports. Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. 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. Barclays cut their price target on Hub Group from $52.00 to $50.00 and set an "equal weight" rating on the stock in a report on Monday, February 10th. Finally, Susquehanna upgraded Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 target price on the stock in a research note on Friday, January 3rd. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hub Group currently has a consensus rating of "Hold" and an average target price of $48.50.

Hub Group Price Performance

Shares of HUBG stock traded up $0.81 during trading hours on Friday, reaching $41.10. The company had a trading volume of 599,768 shares, compared to its average volume of 536,212. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The stock has a fifty day moving average of $43.79 and a 200-day moving average of $45.33. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 24.18 and a beta of 0.94. Hub Group, Inc. has a 12-month low of $38.07 and a 12-month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data 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 return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts anticipate 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, December 20th. Stockholders of record on Friday, December 6th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group's payout ratio is currently 29.41%.

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.