Lazard Asset Management LLC Raises Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

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

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jacobs Levy Equity Management Inc. grew its position in shares of Hub Group by 3.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 13,343 shares of the transportation company's stock worth $595,000 after buying an additional 506 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in Hub Group in the fourth quarter valued at approximately $223,000. Hudson Bay Capital Management LP boosted its holdings in Hub Group by 1,433.0% in the fourth quarter. Hudson Bay Capital Management LP now owns 185,828 shares of the transportation company's stock valued at $8,280,000 after purchasing an additional 173,706 shares in the last quarter. Eisler Capital Management Ltd. acquired a new stake in shares of Hub Group in the fourth quarter valued at approximately $6,177,000. Finally, Deutsche Bank AG boosted its holdings in shares of Hub Group by 36.9% in the fourth quarter. Deutsche Bank AG now owns 66,318 shares of the transportation company's stock valued at $2,955,000 after acquiring an additional 17,865 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUBG has been the subject of several recent research reports. Barclays decreased their price target 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. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 price objective for the company. TD Cowen dropped their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus lifted their price objective on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Finally, Susquehanna dropped their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $43.68.

Hub Group Stock Performance

NASDAQ HUBG opened at $35.72 on Tuesday. The firm has a market capitalization of $2.19 billion, a P/E ratio of 21.01 and a beta of 1.13. 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. The business's 50-day simple moving average is $34.48 and its 200-day simple moving average is $41.65.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The firm had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Hub Group's revenue for the quarter was down 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.44 EPS. Equities analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given 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 Tuesday, March 18th. Hub Group's payout ratio is 29.41%.

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.

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