Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Hub Group, Inc. (NASDAQ:HUBG) by 0.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,456,883 shares of the transportation company’s stock after acquiring an additional 2,753 shares during the quarter. Vanguard Group Inc. owned approximately 5.50% of Hub Group worth $317,826,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HUBG. Cardinal Capital Management raised its stake in Hub Group by 1.1% during the 4th quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock valued at $1,489,000 after purchasing an additional 177 shares during the period. Anchor Investment Management LLC purchased a new position in shares of Hub Group during the fourth quarter valued at $37,000. Russell Investments Group Ltd. raised its position in Hub Group by 3.3% during the fourth quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock valued at $1,396,000 after buying an additional 492 shares during the period. Hsbc Holdings PLC lifted its stake in Hub Group by 5.6% in the 4th quarter. Hsbc Holdings PLC now owns 13,696 shares of the transportation company’s stock worth $1,264,000 after acquiring an additional 725 shares in the last quarter. Finally, Federated Hermes Inc. boosted its position in Hub Group by 4.7% during the 4th quarter. Federated Hermes Inc. now owns 20,118 shares of the transportation company’s stock worth $1,850,000 after acquiring an additional 899 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Trading Up 0.7 %

NASDAQ:HUBG opened at $43.05 on Friday. The company’s 50 day moving average is $42.58 and its 200-day moving average is $43.23. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. Hub Group, Inc. has a 12 month low of $31.73 and a 12 month high of $47.58. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 20.45 and a beta of 0.90.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The firm had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $0.94 EPS. The business’s quarterly revenue was down 16.7% on a year-over-year basis. Equities analysts anticipate that Hub Group, Inc. will post 2.02 EPS for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date of this dividend was Friday, June 7th. Hub Group’s dividend payout ratio (DPR) is currently 23.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HUBG shares. Evercore ISI reiterated an “in-line” rating and issued a $44.00 target price on shares of Hub Group in a report on Tuesday, June 25th. BMO Capital Markets cut their target price on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research report on Friday, April 26th. Susquehanna lowered their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Benchmark reiterated a “buy” rating and set a $49.00 price objective on shares of Hub Group in a report on Friday, April 26th. Finally, Stephens lowered their target price on Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Hub Group has an average rating of “Hold” and a consensus price target of $46.54.

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.