Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,400 shares of the transportation company’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in Hub Group were worth $1,310,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Nisa Investment Advisors LLC raised its holdings in shares of Hub Group by 0.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 260 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of Hub Group by 6.6% in the fourth 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 during the period. Blue Trust Inc. boosted its holdings in Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 450 shares during the last quarter. CWM LLC raised its stake in Hub Group by 24.8% during the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock valued at $130,000 after buying an additional 567 shares in the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Hub Group by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after purchasing an additional 595 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Up 0.9 %

Shares of HUBG opened at $42.96 on Monday. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. The firm has a market cap of $2.64 billion, a P/E ratio of 25.27 and a beta of 0.94. The firm’s 50-day simple moving average is $44.98 and its 200 day simple moving average is $45.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.17%. On average, analysts forecast that Hub Group, Inc. will post 2.38 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently declared 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 1.16%. Hub Group’s dividend payout ratio is 29.41%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Benchmark increased their price target 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 cut their price objective 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. Stifel Nicolaus raised their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research report on Friday, January 3rd. Finally, TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $48.50.

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.