Deutsche Bank AG Purchases 17,865 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Deutsche Bank AG lifted its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 36.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,318 shares of the transportation company's stock after purchasing an additional 17,865 shares during the quarter. Deutsche Bank AG owned 0.11% of Hub Group worth $2,955,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. EP Wealth Advisors LLC acquired a new position in shares of Hub Group during the 4th quarter worth about $223,000. Brevan Howard Capital Management LP boosted its stake in shares of Hub Group by 46.4% during the 4th quarter. Brevan Howard Capital Management LP now owns 7,525 shares of the transportation company's stock worth $335,000 after buying an additional 2,386 shares during the last quarter. Baird Financial Group Inc. boosted its stake in shares of Hub Group by 8.0% during the 4th quarter. Baird Financial Group Inc. now owns 89,495 shares of the transportation company's stock worth $3,988,000 after buying an additional 6,601 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock valued at $51,133,000 after purchasing an additional 499,621 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in Hub Group in the fourth quarter valued at approximately $607,000. Institutional investors own 46.77% of the company's stock.

Wall Street Analysts Forecast Growth

HUBG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on 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 decreased their price objective on shares of 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 dropped their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Barclays dropped their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Finally, Benchmark dropped their target price 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. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $43.68.

Hub Group Stock Performance

HUBG traded down $0.73 on Friday, reaching $33.32. The company had a trading volume of 412,260 shares, compared to its average volume of 536,402. 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 debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The stock has a market cap of $2.04 billion, a P/E ratio of 19.60 and a beta of 1.13. The company's fifty day moving average is $34.23 and its 200 day moving average is $41.35.

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

Hub Group Dividend Announcement

The company also recently disclosed 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 29.41%.

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.