Capital International Investors Invests $95.11 Million in Hub Group, Inc. (NASDAQ:HUBG)

Capital International Investors acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,134,320 shares of the transportation company's stock, valued at approximately $95,105,000. Capital International Investors owned about 3.48% of Hub Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. raised its stake in shares of Hub Group by 1.3% in the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock valued at $81,915,000 after acquiring an additional 23,674 shares during the period. Geode Capital Management LLC lifted its holdings 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 buying an additional 10,328 shares during the period. Norges Bank bought a new position in Hub Group during the 4th quarter worth about $41,487,000. William Blair Investment Management LLC boosted its stake in shares of Hub Group by 2.5% during the fourth 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its position in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after acquiring an additional 97,768 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Price Performance

Hub Group stock traded down $1.39 during midday trading on Friday, reaching $32.08. The company had a trading volume of 189,721 shares, compared to its average volume of 613,165. The firm's fifty day simple moving average is $36.89 and its 200-day simple moving average is $42.85. Hub Group, Inc. has a 12-month low of $30.97 and a 12-month high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The company has a market capitalization of $1.97 billion, a P/E ratio of 18.83 and a beta of 1.04.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results 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 return on equity of 7.10% and a net margin of 2.64%. As a group, equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.56%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HUBG shares. Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Benchmark lowered their price target on Hub Group from $49.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday. 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 report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Finally, Barclays cut 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, April 2nd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $45.91.

About Hub Group

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.