Fisher Asset Management LLC Has $59.79 Million Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC lowered its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 5.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,341,777 shares of the transportation company’s stock after selling 76,020 shares during the period. Fisher Asset Management LLC owned about 2.19% of Hub Group worth $59,790,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after buying an additional 450 shares in the last quarter. KBC Group NV raised its holdings in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Hub Group during the 3rd quarter worth $204,000. iSAM Funds UK Ltd acquired a new position in shares of Hub Group during the 3rd quarter worth $214,000. Finally, Highland Capital Management LLC raised its holdings in shares of Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock worth $242,000 after buying an additional 338 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Trading Up 2.0 %

Shares of HUBG stock opened at $41.10 on Friday. The stock has a market cap of $2.52 billion, a price-to-earnings ratio of 24.18 and a beta of 0.94. The stock has a 50-day moving average of $43.79 and a 200-day moving average of $45.33. 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 1-year low of $38.07 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued 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 return on equity of 7.10% and a net margin of 2.64%. On average, equities research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.22%. Hub Group’s payout ratio is 29.41%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Stifel Nicolaus upped their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Barclays lowered their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Finally, Benchmark upped their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.