PNC Financial Services Group Inc. Has $368,000 Stake in Hub Group, Inc. (NASDAQ:HUBG)

PNC Financial Services Group Inc. raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 77.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,268 shares of the transportation company’s stock after acquiring an additional 3,614 shares during the period. PNC Financial Services Group Inc.’s holdings in Hub Group were worth $368,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its holdings in shares of Hub Group by 44.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock worth $305,000 after purchasing an additional 2,061 shares during the last quarter. Natixis Advisors LLC boosted its position in Hub Group by 5.5% in the third quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock valued at $908,000 after buying an additional 1,036 shares in the last quarter. Segall Bryant & Hamill LLC grew its stake in Hub Group by 4.0% during the third quarter. Segall Bryant & Hamill LLC now owns 366,736 shares of the transportation company’s stock worth $16,668,000 after buying an additional 13,976 shares during the last quarter. Intech Investment Management LLC increased its holdings in shares of Hub Group by 70.4% during the third quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company’s stock worth $887,000 after buying an additional 8,064 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Hub Group by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after acquiring an additional 23,470 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Trading Up 0.1 %

Shares of NASDAQ HUBG opened at $36.82 on Friday. Hub Group, Inc. has a fifty-two week low of $36.32 and a fifty-two week high of $53.21. The firm has a market capitalization of $2.26 billion, a P/E ratio of 21.66 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The company’s 50 day simple moving average is $42.07 and its 200 day simple moving average is $44.76.

Hub Group (NASDAQ:HUBG) last posted 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 return on equity of 7.10% and a net margin of 2.64%. On average, analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be given a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. Hub Group’s payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Barclays lowered their target price on 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. Benchmark upped 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. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a report on Friday, January 3rd. Finally, Stifel Nicolaus boosted their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $47.82.

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.