Freestone Grove Partners LP Invests $698,000 in Hub Group, Inc. (NASDAQ:HUBG)

Freestone Grove Partners LP bought a new position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 15,666 shares of the transportation company's stock, valued at approximately $698,000.

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

Hub Group Trading Down 3.4 %

Shares of NASDAQ HUBG traded down $1.11 during trading on Tuesday, hitting $31.29. 1,491,451 shares of the company traded hands, compared to its average volume of 521,227. Hub Group, Inc. has a 1 year low of $30.84 and a 1 year high of $53.21. The firm has a market capitalization of $1.92 billion, a P/E ratio of 18.41 and a beta of 1.13. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average price of $35.27 and a 200-day moving average price of $42.20.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

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. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.60%. Hub Group's dividend payout ratio (DPR) is 29.41%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HUBG. Barclays decreased their price target on Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Susquehanna dropped their price target on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 target price on the stock. Benchmark reduced their price objective on Hub Group from $49.00 to $40.00 and set a "buy" rating for the company in a report on Wednesday, April 23rd. Finally, Stifel Nicolaus increased their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $46.44.

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.