Hennion & Walsh Asset Management Inc. Buys 1,368 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Hennion & Walsh Asset Management Inc. increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 16.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,511 shares of the transportation company’s stock after acquiring an additional 1,368 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Hub Group were worth $424,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HUBG. Select Equity Group L.P. grew its holdings in shares of Hub Group by 19.4% in the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after acquiring an additional 298,390 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of Hub Group in the second quarter worth $4,680,000. Principal Financial Group Inc. grew its holdings in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after acquiring an additional 97,768 shares during the period. Barclays PLC grew its holdings in shares of Hub Group by 199.6% in the third 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 during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Hub Group in the third quarter worth $3,212,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Trading Down 3.5 %

Shares of HUBG stock opened at $44.83 on Tuesday. Hub Group, Inc. has a 12-month low of $38.07 and a 12-month high of $53.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock’s 50-day moving average price is $47.61 and its 200-day moving average price is $45.50. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 25.47 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.49 earnings per share. The business’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts predict that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.12%. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on HUBG. TD Cowen boosted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Benchmark increased their price objective 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. Evercore ISI lifted their target price on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, Barclays increased their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hub Group presently has a consensus rating of “Hold” and an average price target of $47.58.

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.