Lazard Asset Management LLC Acquires 8,169 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Lazard Asset Management LLC lifted its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 48.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,936 shares of the transportation company's stock after buying an additional 8,169 shares during the quarter. Lazard Asset Management LLC's holdings in Hub Group were worth $1,111,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Dana Investment Advisors Inc. increased its position in shares of Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after buying an additional 252 shares during the period. Nisa Investment Advisors LLC grew its holdings in Hub Group by 0.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock worth $1,405,000 after purchasing an additional 260 shares during the period. Summit Investment Advisors Inc. grew its holdings in Hub Group by 4.8% in the fourth 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. grew its holdings in Hub Group by 48.4% in the fourth 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. Finally, Highland Capital Management LLC grew its holdings in Hub Group by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock worth $242,000 after purchasing an additional 338 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Down 2.1%

Shares of NASDAQ HUBG traded down $0.73 during mid-day trading on Friday, reaching $33.32. 412,260 shares of the company's stock traded hands, compared to its average volume of 536,402. The stock has a market cap of $2.04 billion, a P/E ratio of 19.60 and a beta of 1.13. The business has a 50-day simple moving average of $34.23 and a 200 day simple moving average of $41.30. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Tuesday, March 18th. Hub Group's payout ratio is 29.41%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Benchmark reduced their price target on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Barclays reduced their price target on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Susquehanna reduced their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a report on Friday, March 7th. They issued a "hold" rating and a $41.00 price target for the company. Finally, TD Cowen reduced their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $43.68.

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.