KBC Group NV Purchases 670 Shares of Hub Group, Inc. (NASDAQ:HUBG)

KBC Group NV grew its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 35.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,568 shares of the transportation company’s stock after purchasing an additional 670 shares during the period. KBC Group NV’s holdings in Hub Group were worth $114,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in 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 buying an additional 97,768 shares in the last quarter. Barclays PLC boosted its position in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares during the last quarter. Edgestream Partners L.P. purchased a new position in shares of Hub Group during the third quarter worth about $3,212,000. Citigroup Inc. grew its holdings in shares of Hub Group by 54.0% during the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company’s stock worth $5,321,000 after purchasing an additional 41,046 shares in the last quarter. Finally, Verition Fund Management LLC increased its position in shares of Hub Group by 58.5% in the third quarter. Verition Fund Management LLC now owns 106,683 shares of the transportation company’s stock worth $4,849,000 after purchasing an additional 39,377 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HUBG. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research note on Friday, January 3rd. TD Cowen upped their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Benchmark increased their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays lifted 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. Finally, Stifel Nicolaus increased their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus target price of $48.27.

Hub Group Price Performance

Shares of Hub Group stock opened at $41.45 on Friday. The stock has a market capitalization of $2.54 billion, a P/E ratio of 23.55 and a beta of 0.94. Hub Group, Inc. has a one year low of $38.07 and a one year high of $53.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The business’s 50 day simple moving average is $45.84 and its two-hundred day simple moving average is $45.52.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. Analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.21%. Hub Group’s dividend payout ratio is currently 28.41%.

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.