Intech Investment Management LLC Acquires 9,878 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Intech Investment Management LLC raised its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 50.6% in the fourth quarter, Holdings Channel reports. The firm owned 29,390 shares of the transportation company’s stock after purchasing an additional 9,878 shares during the period. Intech Investment Management LLC’s holdings in Hub Group were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. William Blair Investment Management LLC grew its stake in Hub Group by 2.5% in the 4th quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock valued at $37,250,000 after purchasing an additional 20,259 shares during the period. Cibc World Markets Corp bought a new position in Hub Group in the 4th quarter valued at $250,000. Royce & Associates LP grew its stake in Hub Group by 2.5% in the 4th quarter. Royce & Associates LP now owns 656,159 shares of the transportation company’s stock valued at $29,238,000 after purchasing an additional 16,066 shares during the period. Vestcor Inc grew its stake in Hub Group by 234.0% in the 4th quarter. Vestcor Inc now owns 6,173 shares of the transportation company’s stock valued at $275,000 after purchasing an additional 4,325 shares during the period. Finally, Swiss National Bank grew its stake in shares of Hub Group by 0.4% during the 4th quarter. Swiss National Bank now owns 121,100 shares of the transportation company’s stock worth $5,396,000 after acquiring an additional 500 shares during the period. Institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HUBG. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price target for the company. Barclays cut their price target 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. Benchmark increased 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. 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 note on Friday, January 3rd. Finally, Stifel Nicolaus increased their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus price target of $47.82.

Hub Group Stock Performance

NASDAQ:HUBG opened at $37.47 on Friday. The business’s 50-day moving average price is $41.96 and its two-hundred day moving average price is $44.69. Hub Group, Inc. has a twelve month low of $36.04 and a twelve month high of $53.21. The stock has a market cap of $2.30 billion, a P/E ratio of 22.04 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, equities analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal 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 given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.33%. 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.