BNP Paribas Financial Markets Has $370,000 Holdings in Hub Group, Inc. (NASDAQ:HUBG)

BNP Paribas Financial Markets trimmed its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 48.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,309 shares of the transportation company's stock after selling 7,962 shares during the period. BNP Paribas Financial Markets' holdings in Hub Group were worth $370,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in HUBG. Nomura Asset Management Co. Ltd. raised its stake in Hub Group by 48.4% during the 4th 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 grew its stake in shares of 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 purchasing an additional 1,142 shares during the period. Sterling Capital Management LLC grew its stake in Hub Group by 803.3% in the 4th 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 during the period. Blue Trust Inc. grew its stake in Hub Group by 24.8% in the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after acquiring an additional 450 shares during the period. Finally, KBC Group NV boosted its stake 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 purchasing an additional 670 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on HUBG. 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 report on Friday, May 9th. Barclays cut their price target on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Susquehanna dropped their price target 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. TD Cowen decreased their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a report on Friday, March 7th. They set a "hold" rating and a $41.00 target price on the stock. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of "Hold" and an average price target of $43.68.

Hub Group Price Performance

NASDAQ HUBG traded down $0.52 on Wednesday, reaching $33.71. The company's stock had a trading volume of 305,411 shares, compared to its average volume of 535,262. The business has a 50-day moving average price of $34.11 and a 200 day moving average price of $41.15. 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 firm has a market cap of $2.06 billion, a PE ratio of 19.83 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 released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Sell-side analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.48%. Hub Group's dividend payout ratio is presently 29.41%.

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.