Hub Group, Inc. (NASDAQ:HUBG) Stake Raised by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 14.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,951 shares of the transportation company's stock after buying an additional 16,644 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.21% of Hub Group worth $5,835,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HUBG. Nomura Asset Management Co. Ltd. grew its holdings in Hub Group by 48.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after buying an additional 1,142 shares in the last quarter. Sterling Capital Management LLC boosted its position in Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after buying an additional 1,679 shares during the last quarter. Blue Trust Inc. grew its stake in shares of Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after acquiring an additional 450 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after acquiring an additional 670 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Stock Performance

NASDAQ:HUBG traded up $0.31 during trading hours on Friday, reaching $33.69. 339,710 shares of the stock were exchanged, compared to its average volume of 539,673. The stock has a market capitalization of $2.06 billion, a P/E ratio of 19.82 and a beta of 1.13. The firm has a 50 day simple moving average of $33.49 and a 200-day simple moving average of $40.32. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced 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. The firm had revenue of $915.22 million for the quarter, compared to analysts' expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The firm's revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the business posted $0.44 earnings per share. As a group, sell-side analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.48%. Hub Group's payout ratio is currently 29.41%.

Wall Street Analysts Forecast Growth

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

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.