Atria Investments Inc Purchases Shares of 4,846 Hub Group, Inc. (NASDAQ:HUBG)

Atria Investments Inc acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,846 shares of the transportation company’s stock, valued at approximately $216,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares during the last quarter. Barclays PLC raised its holdings in shares of Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares during the period. Bank of New York Mellon Corp lifted its stake in Hub Group by 14.6% in the 4th 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 last quarter. Edgestream Partners L.P. acquired a new stake in Hub Group in the 3rd quarter valued at about $3,212,000. Finally, Citigroup Inc. grew its holdings in Hub Group by 54.0% during the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company’s stock worth $5,321,000 after purchasing an additional 41,046 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HUBG. 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 research report on Monday, February 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective on the stock. Susquehanna upgraded 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. Benchmark upped their price target 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, Stifel Nicolaus raised 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. Eight equities 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.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.82.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $37.34 on Wednesday. The firm has a 50 day simple moving average of $42.36 and a 200 day simple moving average of $44.87. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 21.96 and a beta of 0.93. Hub Group, Inc. has a one year low of $36.34 and a one 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 data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Research analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm 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 $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.34%. The ex-dividend date is Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is currently 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.