Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 190,514 shares of the transportation company’s stock after selling 4,514 shares during the period. Rhumbline Advisers owned approximately 0.31% of Hub Group worth $8,489,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Stephens Investment Management Group LLC lifted its position in Hub Group by 13.8% in the fourth quarter. Stephens Investment Management Group LLC now owns 326,055 shares of the transportation company’s stock valued at $14,529,000 after buying an additional 39,624 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of Hub Group by 8.8% in the 4th quarter. Retirement Systems of Alabama now owns 105,844 shares of the transportation company’s stock valued at $4,716,000 after acquiring an additional 8,594 shares during the period. Highland Capital Management LLC lifted its holdings in shares of Hub Group by 6.6% in the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock worth $242,000 after acquiring an additional 338 shares during the last quarter. KBC Group NV boosted its position in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after purchasing an additional 670 shares during the period. Finally, Blue Trust Inc. increased its holdings in Hub Group by 24.8% in the 4th 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. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Trading Down 2.1 %

HUBG opened at $42.23 on Tuesday. The business’s 50-day simple moving average is $44.15 and its 200-day simple moving average is $45.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market cap of $2.59 billion, a P/E ratio of 24.84 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.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, equities research analysts expect that Hub Group, Inc. will post 2.2 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. Stockholders of record on Friday, December 6th were issued a $0.125 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.18%. Hub Group’s payout ratio is 29.41%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. TD Cowen boosted their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Barclays dropped their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Finally, Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently 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.