Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lessened its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 198,263 shares of the transportation company's stock after selling 20,159 shares during the quarter. Ameriprise Financial Inc. owned about 0.32% of Hub Group worth $8,835,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC increased its holdings in Hub Group by 199.6% in the 3rd 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. KLP Kapitalforvaltning AS acquired a new position in Hub Group in the 4th quarter worth approximately $1,279,000. Hennion & Walsh Asset Management Inc. increased its holdings in Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company's stock worth $424,000 after buying an additional 1,368 shares during the period. Bank of New York Mellon Corp increased its holdings in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock worth $25,753,000 after buying an additional 73,712 shares during the period. Finally, Atria Investments Inc acquired a new position in Hub Group in the 4th quarter worth approximately $216,000. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Price Performance

HUBG stock traded down $0.73 during midday trading on Monday, reaching $33.32. The stock had a trading volume of 412,260 shares, compared to its average volume of 536,402. The company's fifty day simple moving average is $34.16 and its 200 day simple moving average is $41.20. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 19.60 and a beta of 1.13. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The company had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The firm's revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. As a group, sell-side analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on HUBG. Barclays dropped their price objective on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, May 12th. Susquehanna dropped their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. TD Cowen dropped their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Benchmark dropped their price target on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Hub Group currently has an average rating of "Hold" and a consensus price target of $43.68.

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.