BNP Paribas Financial Markets lowered its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 48.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,309 shares of the transportation company's stock after selling 7,962 shares during the quarter. BNP Paribas Financial Markets' holdings in Hub Group were worth $370,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of HUBG. Nomura Asset Management Co. Ltd. increased its stake in Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after acquiring an additional 1,142 shares during the period. Sterling Capital Management LLC boosted its position in Hub Group by 803.3% during the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock worth $84,000 after acquiring an additional 1,679 shares during the period. Blue Trust Inc. boosted its position in Hub Group by 24.8% during the 4th 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 period. Finally, KBC Group NV boosted its position in Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after acquiring an additional 670 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.
Hub Group Stock Up 0.1%
Shares of Hub Group stock traded up $0.03 during trading on Friday, hitting $34.08. 43,381 shares of the stock traded hands, compared to its average volume of 535,078. The stock has a market cap of $2.09 billion, a P/E ratio of 20.04 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The company has a fifty day moving average price of $33.96 and a two-hundred day moving average price of $40.99.
Hub Group (NASDAQ:HUBG - Get Free Report) last issued 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. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The business 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 business earned $0.44 EPS. The firm's revenue was down 8.5% compared to the same quarter last year. Equities research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.
Hub Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's payout ratio is 29.41%.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Benchmark decreased their price objective on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Wednesday, March 26th. Barclays decreased their price objective on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price objective for the company. Finally, TD Cowen reduced their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $43.68.
View Our Latest Stock Report on HUBG
Hub Group Profile
(
Free Report)
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.
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