Vest Financial LLC Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

Vest Financial LLC purchased a new position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 52,078 shares of the transportation company's stock, valued at approximately $1,936,000. Vest Financial LLC owned 0.08% of Hub Group at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after buying an additional 310 shares during the period. Smartleaf Asset Management LLC lifted its holdings in Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock valued at $68,000 after purchasing an additional 1,142 shares during the last quarter. Sterling Capital Management LLC boosted its position in Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock worth $84,000 after purchasing an additional 1,679 shares during the period. KBC Group NV boosted its position in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock worth $114,000 after purchasing an additional 670 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Hub Group in the fourth quarter worth about $138,000. Hedge funds and other institutional investors own 46.77% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HUBG. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price target on the stock. Benchmark cut their price target on 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 Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, May 12th. Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Finally, TD Cowen dropped their price objective on Hub Group from $40.00 to $36.00 and set a "hold" 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 given a buy rating to the stock. According to data from MarketBeat.com, Hub Group has an average rating of "Hold" and an average target price of $43.68.

Hub Group Price Performance

Shares of HUBG stock traded down $0.72 on Wednesday, reaching $33.59. The company's stock had a trading volume of 318,758 shares, compared to its average volume of 539,650. The company has a market capitalization of $2.06 billion, a P/E ratio of 19.75 and a beta of 1.15. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21. The stock's 50 day simple moving average is $33.41 and its 200-day simple moving average is $40.02. 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 (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating 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 company's revenue was down 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 EPS. As a group, equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.49%. Hub Group's payout ratio is presently 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.