Vest Financial LLC Purchases Shares of 52,078 Hub Group, Inc. (NASDAQ:HUBG)

Vest Financial LLC purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 52,078 shares of the transportation company's stock, valued at approximately $1,936,000. Vest Financial LLC owned about 0.08% of Hub Group at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of Hub Group by 5.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 10,039 shares of the transportation company's stock worth $373,000 after buying an additional 528 shares in the last quarter. GAMMA Investing LLC increased its position in Hub Group by 3,711.3% during the first quarter. GAMMA Investing LLC now owns 19,514 shares of the transportation company's stock worth $7,250,000 after acquiring an additional 19,002 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in Hub Group in the 4th quarter worth about $206,000. Jefferies Financial Group Inc. acquired a new stake in Hub Group in the 4th quarter worth about $223,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Hub Group by 14.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 130,951 shares of the transportation company's stock valued at $5,835,000 after purchasing an additional 16,644 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hub Group Price Performance

NASDAQ HUBG traded up $0.14 on Monday, hitting $33.83. 390,954 shares of the company's stock were exchanged, compared to its average volume of 540,097. The stock has a 50-day moving average of $33.49 and a 200-day moving average of $40.18. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 19.90 and a beta of 1.15. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

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 for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to the consensus estimate 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 prior year, the company earned $0.44 EPS. Analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid 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%.

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.