Teacher Retirement System of Texas Grows Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Teacher Retirement System of Texas boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 5.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,972 shares of the transportation company’s stock after buying an additional 1,045 shares during the quarter. Teacher Retirement System of Texas’ holdings in Hub Group were worth $890,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUBG. Intech Investment Management LLC increased its holdings in shares of Hub Group by 50.6% in the 4th quarter. Intech Investment Management LLC now owns 29,390 shares of the transportation company’s stock valued at $1,310,000 after acquiring an additional 9,878 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Hub Group by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock valued at $37,250,000 after purchasing an additional 20,259 shares in the last quarter. Cibc World Markets Corp purchased a new position in Hub Group in the fourth quarter valued at approximately $250,000. Royce & Associates LP raised its holdings in Hub Group by 2.5% during the fourth quarter. Royce & Associates LP now owns 656,159 shares of the transportation company’s stock worth $29,238,000 after purchasing an additional 16,066 shares in the last quarter. Finally, Vestcor Inc lifted its position in shares of Hub Group by 234.0% during the 4th quarter. Vestcor Inc now owns 6,173 shares of the transportation company’s stock worth $275,000 after buying an additional 4,325 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $37.13 on Friday. 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 has a market cap of $2.28 billion, a PE ratio of 21.84 and a beta of 0.93. The stock has a fifty day moving average price of $41.22 and a 200 day moving average price of $44.44. Hub Group, Inc. has a 1-year low of $36.04 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its earnings results 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 net margin of 2.64% and a return on equity of 7.10%. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.35%. Hub Group’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 target price on the stock. Stifel Nicolaus lifted their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays decreased their target price 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. Benchmark lifted their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.18.

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.