Charles Schwab Investment Management Inc. Purchases 11,548 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Charles Schwab Investment Management Inc. raised its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 675,064 shares of the transportation company’s stock after acquiring an additional 11,548 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.10% of Hub Group worth $30,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC increased its position in Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 1,142 shares during the last quarter. Illumine Investment Management LLC bought a new position in Hub Group during the fourth quarter valued at $629,000. VELA Investment Management LLC boosted its stake in shares of Hub Group by 2.5% during the fourth quarter. VELA Investment Management LLC now owns 250,561 shares of the transportation company’s stock valued at $11,165,000 after purchasing an additional 6,101 shares during the period. Versor Investments LP purchased a new stake in shares of Hub Group during the fourth quarter valued at $334,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hub Group by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after purchasing an additional 73,712 shares during the period. Institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBG. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd. Stifel Nicolaus boosted their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Benchmark boosted their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, 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. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and a consensus price target of $47.82.

Hub Group Stock Up 2.9 %

NASDAQ:HUBG opened at $38.15 on Tuesday. The firm has a market cap of $2.35 billion, a PE ratio of 22.44 and a beta of 0.93. The company has a 50-day moving average of $42.50 and a 200 day moving average of $44.94. Hub Group, Inc. has a 1-year low of $36.34 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s payout ratio is 29.41%.

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.