Vestmark Advisory Solutions Inc. Invests $238,000 in Hub Group, Inc. (NASDAQ:HUBG)

Vestmark Advisory Solutions Inc. purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,586 shares of the transportation company’s stock, valued at approximately $238,000.

Other hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. raised its position in shares of Hub Group by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock valued at $165,602,000 after buying an additional 125,924 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Hub Group by 8.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 33,514 shares of the transportation company’s stock worth $3,081,000 after purchasing an additional 2,674 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Hub Group by 4.7% in the 4th quarter. Federated Hermes Inc. now owns 20,118 shares of the transportation company’s stock valued at $1,850,000 after purchasing an additional 899 shares in the last quarter. Amica Mutual Insurance Co. bought a new position in shares of Hub Group in the 4th quarter valued at $842,000. Finally, Andina Capital Management LLC acquired a new position in shares of Hub Group during the 4th quarter worth $264,000. 46.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HUBG. Stephens reduced their price objective on Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. BMO Capital Markets cut their target price on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. JPMorgan Chase & Co. upped their price target on shares of Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Benchmark reissued a “buy” rating and set a $49.00 price objective on shares of Hub Group in a report on Friday, April 26th. Finally, StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $46.54.

Hub Group Price Performance

Shares of HUBG opened at $42.85 on Wednesday. The business has a 50-day moving average of $41.58 and a 200-day moving average of $41.75. Hub Group, Inc. has a 1 year low of $31.73 and a 1 year high of $47.58. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 20.36 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.94 EPS. The company’s revenue was down 16.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Hub Group, Inc. will post 2.02 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.17%. Hub Group’s dividend payout ratio (DPR) is currently 23.75%.

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.