Vanguard Group Inc. Cuts Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Vanguard Group Inc. lessened its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,621,081 shares of the transportation company’s stock after selling 95,815 shares during the period. Vanguard Group Inc. owned approximately 10.79% of Hub Group worth $295,035,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HUBG. Smartleaf Asset Management LLC lifted its holdings in shares of Hub Group by 286.2% during the 4th 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 in the last quarter. Blue Trust Inc. boosted its position in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after buying an additional 450 shares during the period. KBC Group NV grew its stake in shares of Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock valued at $114,000 after buying an additional 670 shares in the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Hub Group in the third quarter valued at about $214,000. Finally, Atria Investments Inc purchased a new stake in shares of Hub Group during the 4th quarter valued at about $216,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Barclays lowered their price objective on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday. Stifel Nicolaus lifted their price target 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. Susquehanna lowered their target price on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Benchmark boosted their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective for the company. 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 currently has an average rating of “Hold” and an average target price of $46.73.

Hub Group Stock Performance

Shares of HUBG stock opened at $33.38 on Friday. The company has a market cap of $2.05 billion, a P/E ratio of 19.64 and a beta of 1.04. The business has a 50 day moving average of $40.29 and a two-hundred day moving average of $44.14. Hub Group, Inc. has a 52 week low of $31.63 and a 52 week high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) 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%. As a group, analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current 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 paid a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Hub Group’s payout ratio 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.