State of New Jersey Common Pension Fund D Trims Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

State of New Jersey Common Pension Fund D decreased its stake in Hub Group, Inc. (NASDAQ:HUBG) by 7.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,983 shares of the transportation company’s stock after selling 3,139 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Hub Group worth $1,871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBG. State Street Corp lifted its holdings in Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after acquiring an additional 20,215 shares during the period. Geode Capital Management LLC lifted its stake in shares of Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after purchasing an additional 10,328 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Hub Group by 3.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock worth $30,157,000 after buying an additional 23,470 shares in the last quarter. Finally, Royce & Associates LP grew its position in Hub Group by 1.8% during the third quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock valued at $29,092,000 after buying an additional 11,615 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Price Performance

Hub Group stock opened at $42.23 on Tuesday. The company has a fifty day simple moving average of $44.15 and a 200-day simple moving average of $45.39. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 24.84 and a beta of 0.94. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data 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 2.64% and a return on equity of 7.10%. On average, equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

HUBG has been the subject of a number of analyst reports. Stifel Nicolaus upped their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays lowered their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Benchmark raised their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research report on Friday, January 3rd. Finally, TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hub Group currently has an average rating of “Hold” and an average target price 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.