Bank of America Corp DE Decreases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Bank of America Corp DE decreased its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 11.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 433,877 shares of the transportation company's stock after selling 55,361 shares during the quarter. Bank of America Corp DE owned 0.71% of Hub Group worth $19,334,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HUBG. Nomura Asset Management Co. Ltd. boosted its stake in shares of Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after purchasing an additional 310 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after buying an additional 1,142 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after acquiring an additional 1,679 shares in the last quarter. Blue Trust Inc. increased its position in shares of Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock worth $103,000 after acquiring an additional 450 shares during the last quarter. Finally, KBC Group NV lifted its stake in shares of Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Stock Down 0.7%

HUBG stock opened at $35.72 on Tuesday. 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 1-year low of $30.75 and a 1-year high of $53.21. The firm has a fifty day moving average price of $34.48 and a two-hundred day moving average price of $41.65. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of 21.01 and a beta of 1.13.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.40%. Hub Group's dividend payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on HUBG shares. Stifel Nicolaus raised their price objective on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. TD Cowen reduced their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. 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 price target for the company. Susquehanna cut their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Finally, Benchmark reduced their price objective 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. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Hub Group has an average rating of "Hold" and an average price target of $43.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.