Balyasny Asset Management L.P. Boosts Stake in Hub Group, Inc. (NASDAQ:HUBG)

Balyasny Asset Management L.P. lifted its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 77.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,147,499 shares of the transportation company's stock after purchasing an additional 499,621 shares during the period. Balyasny Asset Management L.P. owned 1.87% of Hub Group worth $51,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its position 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 valued at $42,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC raised 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 valued at $68,000 after buying an additional 1,142 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Hub Group by 803.3% in 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 last quarter. Blue Trust Inc. raised 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 acquiring an additional 450 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Hub Group by 35.3% in the 4th 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. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Trading Up 0.3 %

Hub Group stock traded up $0.10 during mid-day trading on Friday, reaching $33.23. 920,343 shares of the company traded hands, compared to its average volume of 528,401. The firm's 50 day moving average price is $34.83 and its 200 day moving average price is $41.98. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week 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 firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.13.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors 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 annualized dividend and a dividend yield of 1.50%. Hub Group's payout ratio is 29.41%.

Analysts Set New Price Targets

Several equities analysts have issued reports on HUBG shares. Barclays dropped their price target on Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Stifel Nicolaus raised their price objective on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They set a "hold" rating and a $41.00 target price on the stock. TD Cowen cut their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday. Finally, Benchmark dropped their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hub Group has an average rating of "Hold" and a consensus price target of $44.24.

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.