Sei Investments Co. Purchases 4,701 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Sei Investments Co. increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 10.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,755 shares of the transportation company’s stock after acquiring an additional 4,701 shares during the period. Sei Investments Co. owned about 0.08% of Hub Group worth $2,128,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after purchasing an additional 10,328 shares during the period. William Blair Investment Management LLC boosted its holdings in shares of 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 worth $37,250,000 after buying an additional 20,259 shares during the last quarter. Principal Financial Group Inc. grew its position in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Hub Group by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock valued at $30,081,000 after buying an additional 11,548 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on HUBG. Barclays dropped their price target on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Stifel Nicolaus raised their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price target for the company. Benchmark raised their price objective 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, Susquehanna lowered their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Wednesday, March 26th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.73.

Hub Group Stock Down 1.6 %

Shares of HUBG opened at $33.38 on Friday. The business’s 50 day moving average is $40.29 and its 200 day moving average is $44.14. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a 12-month low of $31.63 and a 12-month high of $53.21. The company has a market capitalization of $2.05 billion, a PE ratio of 19.64 and a beta of 1.04.

Hub Group (NASDAQ:HUBG) last announced 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 net margin of 2.64% and a return on equity of 7.10%. Research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business 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. This represents a $0.50 annualized dividend and a yield of 1.50%. The ex-dividend date was Tuesday, March 18th. Hub Group’s payout ratio is currently 29.41%.

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.