Teacher Retirement System of Texas Acquires 116,963 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Teacher Retirement System of Texas increased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 585.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,935 shares of the transportation company's stock after acquiring an additional 116,963 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.22% of Hub Group worth $5,090,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. KBC Group NV raised its stake in shares of Hub Group by 43.3% in the first quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock valued at $137,000 after buying an additional 1,113 shares during the period. Blue Trust Inc. grew its position in shares of Hub Group by 40.5% in the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after purchasing an additional 714 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Hub Group during the 4th quarter valued at $206,000. KLP Kapitalforvaltning AS purchased a new stake in Hub Group during the 4th quarter worth about $1,279,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in Hub Group by 19.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,868 shares of the transportation company's stock worth $292,000 after purchasing an additional 1,258 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

HUBG stock traded down $0.98 during mid-day trading on Friday, hitting $35.65. 467,306 shares of the stock were exchanged, compared to its average volume of 551,909. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.36 and a quick ratio of 1.36. The business has a fifty day moving average price of $34.04 and a 200 day moving average price of $37.75. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.66 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last released 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 return on equity of 7.01% and a net margin of 2.69%. The company had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same quarter in the previous year, the company posted $0.44 EPS. Hub Group's revenue for the quarter was down 8.5% on a year-over-year basis. On average, sell-side analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, June 23rd. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

HUBG has been the topic of a number of recent analyst reports. Benchmark lowered their price target 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. Susquehanna reaffirmed a "positive" rating and set a $46.00 target price (up previously from $45.00) on shares of Hub Group in a report on Tuesday, June 24th. Baird R W raised shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Barclays decreased their price target 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, Robert W. Baird started coverage on Hub Group in a research report on Tuesday, July 1st. They set an "outperform" rating and a $44.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $42.01.

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.