Jane Street Group LLC increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 110.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 203,315 shares of the transportation company's stock after buying an additional 106,672 shares during the quarter. Jane Street Group LLC owned about 0.33% of Hub Group worth $9,060,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital International Investors acquired a new position in shares of Hub Group during the fourth quarter worth approximately $95,105,000. Norges Bank acquired a new position in Hub Group during the fourth quarter worth $41,487,000. River Road Asset Management LLC bought a new position in shares of Hub Group in the fourth quarter valued at $17,458,000. Segall Bryant & Hamill LLC grew its holdings in shares of Hub Group by 60.6% during the fourth quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company's stock valued at $26,252,000 after buying an additional 222,405 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Hub Group during the fourth quarter worth about $9,315,000. Institutional investors own 46.77% of the company's stock.
Hub Group Price Performance
HUBG opened at $31.65 on Thursday. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The firm has a 50-day moving average of $35.08 and a 200 day moving average of $42.12. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a market cap of $1.95 billion, a P/E ratio of 18.62 and a beta of 1.13.
Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.
Hub Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.58%. Hub Group's payout ratio is presently 29.41%.
Analysts Set New Price Targets
HUBG has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price target for the company. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a report on Wednesday, March 26th. Benchmark lowered their price target on Hub Group from $49.00 to $40.00 and set a "buy" rating for the company in a research report on Wednesday, April 23rd. Stifel Nicolaus lifted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Finally, Barclays lowered their target price on shares of Hub Group from $50.00 to $45.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Hub Group has an average rating of "Hold" and a consensus target price of $46.44.
Check Out Our Latest Stock Report on Hub Group
Hub Group Company Profile
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Free Report)
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.
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