Dark Forest Capital Management LP Makes New Investment in Hub Group, Inc. (NASDAQ:HUBG)

Dark Forest Capital Management LP bought a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,519 shares of the transportation company's stock, valued at approximately $469,000.

Other hedge funds have also bought and sold shares of the company. Capital International Investors purchased a new stake in Hub Group during the fourth quarter valued at about $95,105,000. Invesco Ltd. boosted its stake in Hub Group by 1.3% in the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock worth $81,915,000 after buying an additional 23,674 shares in the last quarter. Norges Bank purchased a new position in shares of Hub Group during the fourth quarter worth approximately $41,487,000. William Blair Investment Management LLC lifted its holdings in shares of 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 worth $37,250,000 after acquiring an additional 20,259 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock valued at $35,608,000 after purchasing an additional 97,768 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Trading Up 3.9 %

Hub Group stock traded up $1.23 during mid-day trading on Friday, reaching $33.22. 122,732 shares of the company traded hands, compared to its average volume of 512,151. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. Hub Group, Inc. has a 52-week low of $30.84 and a 52-week high of $53.21. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.54 and a beta of 1.04. The firm's 50 day moving average price is $35.80 and its 200 day moving average price is $42.47.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data 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%. On average, analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.50%. The ex-dividend date was Tuesday, March 18th. Hub Group's payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Stifel Nicolaus boosted their price target 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. Barclays dropped their target price on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Benchmark dropped their price objective on Hub Group from $49.00 to $40.00 and set a "buy" rating for the company in a research note on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $46.44.

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.