Hub Group, Inc. (NASDAQ:HUBG) Shares Purchased by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC increased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 286.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,541 shares of the transportation company’s stock after purchasing an additional 1,142 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Hub Group were worth $68,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in 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 in the last quarter. Verdence Capital Advisors LLC increased its position in shares of Hub Group by 13.0% during the third quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company’s stock worth $300,000 after acquiring an additional 761 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Hub Group in the third quarter worth about $204,000. State of New Jersey Common Pension Fund D boosted its holdings in Hub Group by 4.6% in the third quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company’s stock valued at $2,051,000 after purchasing an additional 1,996 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in Hub Group during the 3rd quarter valued at approximately $445,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HUBG shares. Benchmark upped their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Barclays lowered their target price on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday. They issued a “hold” rating and a $41.00 target price on the stock. Finally, 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 report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $47.82.

Hub Group Stock Down 0.4 %

Hub Group stock opened at $39.36 on Monday. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 23.15 and a beta of 0.93. The company’s 50-day moving average price is $43.33 and its two-hundred day moving average price is $45.22. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last posted 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, analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.27%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

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.