11,749 Shares in Hub Group, Inc. (NASDAQ:HUBG) Bought by Banque Pictet & Cie SA

Banque Pictet & Cie SA purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 11,749 shares of the transportation company's stock, valued at approximately $437,000.

Several other large investors have also recently bought and sold shares of HUBG. Capital International Investors bought a new position in shares of Hub Group during the fourth quarter worth approximately $95,105,000. Invesco Ltd. increased its holdings in shares of Hub Group by 1.3% during the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock worth $81,915,000 after purchasing an additional 23,674 shares during the period. Balyasny Asset Management L.P. increased its holdings in shares of Hub Group by 77.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after purchasing an additional 499,621 shares during the period. Norges Bank bought a new position in shares of Hub Group during the fourth quarter worth approximately $41,487,000. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Hub Group by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock worth $39,205,000 after purchasing an additional 32,334 shares during the period. 46.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HUBG. Baird R W raised shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. lowered their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. TD Cowen decreased their price objective 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. Robert W. Baird assumed coverage on shares of Hub Group in a research note on Tuesday, July 1st. They issued an "outperform" rating and a $44.00 price objective on the stock. Finally, Barclays decreased 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. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Hub Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.01.

Hub Group Price Performance

Hub Group stock traded down $0.63 during mid-day trading on Monday, reaching $35.02. The company had a trading volume of 469,329 shares, compared to its average volume of 552,460. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. The company has a market cap of $2.14 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.68 and a beta of 1.13. The business has a fifty day simple moving average of $34.09 and a 200 day simple moving average of $37.60.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results 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. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The firm had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. During the same quarter last year, the business posted $0.44 earnings per share. The company's quarterly revenue was down 8.5% on a year-over-year basis. On average, equities research analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.43%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

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.