Hub Group, Inc. (NASDAQ:HUBG) Position Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 73,898 shares of the transportation company’s stock after purchasing an additional 3,216 shares during the period. Edgestream Partners L.P. owned 0.12% of Hub Group worth $3,293,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HUBG. XTX Topco Ltd acquired a new position in Hub Group in the third quarter worth about $481,000. Barclays PLC grew its position in shares of Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares in the last quarter. Principal Financial Group Inc. increased its holdings 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 acquiring an additional 97,768 shares during the last quarter. State Street Corp raised its position in shares of Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after acquiring an additional 20,215 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its position in shares of Hub Group by 16.8% during the 4th 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 in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday. They set a “hold” rating and a $41.00 target price for the company. Stifel Nicolaus lifted their price target 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. Barclays dropped their price objective on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd. Finally, Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. 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 has a consensus rating of “Hold” and an average price target of $47.82.

Hub Group Stock Down 0.4 %

HUBG opened at $39.36 on Friday. The stock’s 50 day moving average price is $43.33 and its 200 day moving average price is $45.20. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The stock has a market cap of $2.42 billion, a P/E ratio of 23.15 and a beta of 0.93. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) 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 predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

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

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.