Hub Group, Inc. (NASDAQ:HUBG) Holdings Lifted by Edgestream Partners L.P.

Edgestream Partners L.P. boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 4.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 73,898 shares of the transportation company’s stock after purchasing an additional 3,216 shares during the quarter. Edgestream Partners L.P.’s holdings in Hub Group were worth $3,293,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. XTX Topco Ltd acquired a new position in shares of Hub Group in the 3rd quarter worth approximately $481,000. Barclays PLC lifted its stake in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares during the last quarter. Principal Financial Group Inc. boosted its holdings 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 worth $35,608,000 after buying an additional 97,768 shares in the last quarter. State Street Corp grew 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 buying an additional 20,215 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Hub Group by 16.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after buying an additional 1,368 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on HUBG. Barclays reduced their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research report on Friday, January 3rd. Benchmark lifted 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. Stifel Nicolaus upped their price objective 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research report on Friday. They issued a “hold” rating and a $41.00 target price on the stock. Eight 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 has an average rating of “Hold” and an average target price of $47.82.

Hub Group Stock Performance

HUBG stock opened at $39.36 on Friday. The stock has a market cap of $2.42 billion, a P/E ratio of 23.15 and a beta of 0.93. 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 has a 50 day simple moving average of $43.33 and a 200 day simple moving average of $45.20. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week 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, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.125 per share. The ex-dividend date 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%.

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.