Hub Group, Inc. (NASDAQ:HUBG) Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 14.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 577,940 shares of the transportation company’s stock after acquiring an additional 73,712 shares during the period. Bank of New York Mellon Corp owned about 0.94% of Hub Group worth $25,753,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Verdence Capital Advisors LLC boosted its position in Hub Group by 13.0% during the third quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company’s stock worth $300,000 after purchasing an additional 761 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Hub Group during the 3rd quarter worth $204,000. State of New Jersey Common Pension Fund D raised its holdings in Hub Group by 4.6% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company’s stock worth $2,051,000 after acquiring an additional 1,996 shares during the period. Finally, Entropy Technologies LP acquired a new position in Hub Group during the 3rd quarter worth $445,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBG has been the subject of a number of research reports. Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays reduced their target price on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a report on Friday. They set a “hold” rating and a $41.00 target price on the stock. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Finally, Stifel Nicolaus increased their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.82.

Hub Group Stock Down 0.4 %

Shares of HUBG stock opened at $39.36 on Monday. The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 23.15 and a beta of 0.93. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm’s 50-day moving average is $43.33 and its 200-day moving average is $45.22.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.27%. Hub Group’s payout ratio is 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.