Edgestream Partners L.P. Buys 136,522 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Edgestream Partners L.P. lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 184.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 210,420 shares of the transportation company's stock after acquiring an additional 136,522 shares during the quarter. Edgestream Partners L.P. owned 0.34% of Hub Group worth $7,821,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Banque Pictet & Cie SA bought a new stake in shares of Hub Group during the 1st quarter worth $437,000. TD Private Client Wealth LLC boosted its stake in shares of Hub Group by 89.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after acquiring an additional 850 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Hub Group by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company's stock worth $11,243,000 after acquiring an additional 7,729 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in shares of Hub Group by 585.6% during the 1st quarter. Teacher Retirement System of Texas now owns 136,935 shares of the transportation company's stock worth $5,090,000 after acquiring an additional 116,963 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Hub Group by 43.3% during the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock worth $137,000 after acquiring an additional 1,113 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Hub Group Stock Up 1.4%

Shares of NASDAQ:HUBG traded up $0.48 during midday trading on Thursday, hitting $34.40. 483,119 shares of the stock were exchanged, compared to its average volume of 551,420. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. The business's fifty day simple moving average is $34.27 and its two-hundred day simple moving average is $37.42. The company has a market capitalization of $2.11 billion, a PE ratio of 20.24, a P/E/G ratio of 1.60 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.02. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same period last year, the company earned $0.44 earnings per share. Hub Group's quarterly revenue was down 8.5% compared to the same quarter last year. As a group, research 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 Monday, June 30th. Investors of record on Monday, June 23rd were issued a dividend of $0.125 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. Hub Group's dividend payout ratio is 29.41%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Barclays reduced their target price on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. 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 report on Friday, May 9th. Robert W. Baird assumed coverage on Hub Group in a report on Tuesday, July 1st. They issued an "outperform" rating and a $44.00 target price for the company. JPMorgan Chase & Co. reduced their target price on Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Baird R W upgraded Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $42.01.

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.