Victory Capital Management Inc. Sells 21,026 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. lessened its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 0.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,046,157 shares of the transportation company's stock after selling 21,026 shares during the quarter. Victory Capital Management Inc. owned about 4.95% of Hub Group worth $113,226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Investments Inc acquired a new position in Hub Group in the fourth quarter valued at $216,000. Raymond James Financial Inc. purchased a new position in Hub Group in the fourth quarter valued at about $9,315,000. PNC Financial Services Group Inc. lifted its holdings in Hub Group by 77.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,268 shares of the transportation company's stock worth $368,000 after buying an additional 3,614 shares during the last quarter. Swiss National Bank lifted its holdings in Hub Group by 0.4% during the 4th quarter. Swiss National Bank now owns 121,100 shares of the transportation company's stock worth $5,396,000 after buying an additional 500 shares during the last quarter. Finally, Cibc World Markets Corp acquired a new stake in shares of Hub Group during the 4th quarter worth approximately $250,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Up 1.4%

Shares of HUBG traded up $0.48 on Thursday, reaching $34.40. The company's stock had a trading volume of 483,119 shares, compared to its average volume of 551,420. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.09. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The stock has a market capitalization of $2.11 billion, a PE ratio of 20.24, a PEG ratio of 1.60 and a beta of 1.13. The firm has a fifty day moving average of $34.27 and a 200-day moving average of $37.42.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. The firm had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The company's revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Equities analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.45%. Hub Group's payout ratio is currently 29.41%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on HUBG shares. Barclays reduced their price objective 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. Baird R W raised Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. TD Cowen decreased their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Benchmark decreased their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. decreased their price objective on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Six investment 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. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.