Jane Street Group LLC Raises Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Jane Street Group LLC grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 110.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 203,315 shares of the transportation company's stock after purchasing an additional 106,672 shares during the quarter. Jane Street Group LLC owned approximately 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 recently made changes to their positions in the company. Capital International Investors purchased a new stake in Hub Group during the 4th quarter valued at $95,105,000. Norges Bank purchased a new stake in shares of Hub Group during the fourth quarter worth about $41,487,000. River Road Asset Management LLC purchased a new position in Hub Group during the 4th quarter valued at about $17,458,000. Segall Bryant & Hamill LLC increased its holdings in Hub Group by 60.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company's stock valued at $26,252,000 after purchasing an additional 222,405 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Hub Group in the 4th quarter worth approximately $9,315,000. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Up 0.2%

Shares of Hub Group stock traded up $0.06 during midday trading on Tuesday, hitting $35.90. The company had a trading volume of 82,192 shares, compared to its average volume of 528,051. 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 quick ratio of 1.30 and a current ratio of 1.33. The stock has a market capitalization of $2.21 billion, a P/E ratio of 21.12 and a beta of 1.13. The company has a 50 day moving average of $34.76 and a 200 day moving average of $41.92.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS 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 analysts' expectations of $973.86 million. During the same period in the prior year, the firm posted $0.44 earnings per share. The company's quarterly revenue was down 8.5% on a year-over-year basis. On average, equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.39%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

A number of research analysts have issued reports on HUBG shares. TD Cowen reduced their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 target price on the stock. Barclays decreased their price target on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday. Susquehanna cut their price objective on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research report on Wednesday, March 26th. Finally, Stifel Nicolaus upped their target price on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Six 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 currently has a consensus rating of "Hold" and an average target price of $43.68.

Hub Group 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.