Corient Private Wealth LLC Has $250,000 Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Corient Private Wealth LLC lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 67.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,617 shares of the transportation company’s stock after selling 11,560 shares during the quarter. Corient Private Wealth LLC’s holdings in Hub Group were worth $250,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Royce & Associates LP boosted its position in shares of 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. Vestcor Inc lifted its holdings in Hub Group by 234.0% during the fourth quarter. Vestcor Inc now owns 6,173 shares of the transportation company’s stock worth $275,000 after acquiring an additional 4,325 shares in the last quarter. Swiss National Bank grew its stake in Hub Group by 0.4% in the fourth quarter. Swiss National Bank now owns 121,100 shares of the transportation company’s stock valued at $5,396,000 after acquiring an additional 500 shares during the period. Inspire Advisors LLC increased its holdings in shares of Hub Group by 3.3% in the fourth quarter. Inspire Advisors LLC now owns 17,076 shares of the transportation company’s stock worth $761,000 after acquiring an additional 552 shares in the last quarter. Finally, River Road Asset Management LLC bought a new stake in shares of Hub Group in the fourth quarter worth about $17,458,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Susquehanna cut their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus lifted their price target 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 increased their price objective 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. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective on the stock. Finally, 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 report on Monday, February 10th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.18.

Hub Group Trading Up 0.1 %

Hub Group stock opened at $37.17 on Tuesday. The company has a market cap of $2.29 billion, a price-to-earnings ratio of 21.86 and a beta of 0.93. The firm has a 50-day moving average of $41.07 and a 200-day moving average of $44.39. 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, Inc. has a one year low of $36.04 and a one year high of $53.21.

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, equities analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

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

About Hub Group

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.