Stephens Investment Management Group LLC Buys 39,624 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Stephens Investment Management Group LLC lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 13.8% in the 4th quarter, Holdings Channel reports. The fund owned 326,055 shares of the transportation company’s stock after acquiring an additional 39,624 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Hub Group were worth $14,529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the period. Barclays PLC boosted its position in shares of Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after buying an additional 78,467 shares during the period. Edgestream Partners L.P. bought a new position in shares of Hub Group during the third quarter worth about $3,212,000. Citigroup Inc. grew its holdings in shares of Hub Group by 54.0% during the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company’s stock worth $5,321,000 after buying an additional 41,046 shares in the last quarter. Finally, Verition Fund Management LLC raised its position in Hub Group by 58.5% in the 3rd quarter. Verition Fund Management LLC now owns 106,683 shares of the transportation company’s stock valued at $4,849,000 after buying an additional 39,377 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HUBG. Barclays upped their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. TD Cowen lifted their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. 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 research note on Thursday, January 23rd. Finally, Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.27.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $41.45 on Monday. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month high of $53.21. The company has a market cap of $2.54 billion, a PE ratio of 24.38 and a beta of 0.94. The business’s 50 day moving average price is $45.84 and its two-hundred day moving average price is $45.54. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12.

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, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. On average, analysts predict that Hub Group, Inc. will post 2.38 EPS for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s dividend payout ratio is presently 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.