Bryce Point Capital LLC Invests $261,000 in Hub Group, Inc. (NASDAQ:HUBG)

Bryce Point Capital LLC purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,865 shares of the transportation company’s stock, valued at approximately $261,000.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp increased its stake in shares of Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares in the last quarter. Geode Capital Management LLC grew its holdings in Hub Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after acquiring an additional 10,328 shares during the last quarter. Norges Bank acquired a new stake in Hub Group in the 4th quarter valued at about $41,487,000. William Blair Investment Management LLC raised its stake in shares of Hub Group by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock worth $37,250,000 after acquiring an additional 20,259 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays dropped their price objective on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday. Susquehanna reduced their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Benchmark boosted their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft started 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 on the stock. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.73.

Hub Group Trading Down 1.6 %

HUBG opened at $33.38 on Friday. The firm’s fifty day simple moving average is $40.29 and its 200 day simple moving average is $44.14. The stock has a market capitalization of $2.05 billion, a P/E ratio of 19.64 and a beta of 1.04. 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 12 month low of $31.63 and a 12 month high of $53.21.

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

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. Hub Group’s dividend payout ratio (DPR) is presently 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.