Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,467 shares of the transportation company's stock after acquiring an additional 7,729 shares during the period. Principal Financial Group Inc. owned 0.49% of Hub Group worth $11,243,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Summit Investment Advisors Inc. raised its holdings in shares of Hub Group by 4.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock worth $279,000 after purchasing an additional 287 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares during the period. Synovus Financial Corp raised its holdings in shares of Hub Group by 1.5% in the 4th quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock worth $1,008,000 after purchasing an additional 344 shares during the period. Swiss National Bank raised its holdings in shares of Hub Group by 0.4% in the 4th quarter. Swiss National Bank now owns 121,100 shares of the transportation company's stock worth $5,396,000 after purchasing an additional 500 shares during the period. Finally, MetLife Investment Management LLC raised its holdings in shares of Hub Group by 1.4% in the 4th quarter. MetLife Investment Management LLC now owns 35,462 shares of the transportation company's stock worth $1,580,000 after purchasing an additional 506 shares during the period. Institutional investors and hedge funds own 46.77% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUBG. JPMorgan Chase & Co. cut 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. TD Cowen dropped their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a report on Friday, May 9th. Robert W. Baird began coverage on Hub Group in a report on Tuesday, July 1st. They set an "outperform" rating and a $44.00 target price on the stock. Susquehanna reiterated a "positive" rating and set a $46.00 target price (up from $45.00) on shares of Hub Group in a report on Tuesday, June 24th. Finally, Barclays dropped their target price on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.01.

Hub Group Stock Up 1.4%

HUBG stock traded up $0.48 during midday trading on Thursday, hitting $34.40. 483,119 shares of the company's stock were exchanged, 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 12-month low of $30.75 and a 12-month high of $53.21. The firm has a 50 day moving average price of $34.27 and a 200-day moving average price of $37.42. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 20.24, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted 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 company had revenue of $915.22 million for the quarter, compared to the consensus estimate of $973.86 million. During the same period in the previous year, the business earned $0.44 EPS. Hub Group's revenue for the quarter was down 8.5% compared to the same quarter last year. On average, analysts anticipate 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 Monday, June 30th. Shareholders of record on Monday, June 23rd were issued 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 yield of 1.45%. 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.