Victory Capital Management Inc. Purchases 125,924 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. grew its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 7.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,801,201 shares of the transportation company's stock after buying an additional 125,924 shares during the quarter. Victory Capital Management Inc. owned about 2.84% of Hub Group worth $165,602,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Anchor Investment Management LLC acquired a new stake in Hub Group in the fourth quarter valued at $37,000. Adirondack Trust Co. acquired a new stake in shares of Hub Group in the third quarter valued at approximately $39,000. Exchange Traded Concepts LLC increased its position in Hub Group by 60.3% during the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company's stock worth $62,000 after buying an additional 299 shares in the last quarter. Headlands Technologies LLC acquired a new position in Hub Group in the 3rd quarter valued at about $63,000. Finally, Parkside Financial Bank & Trust lifted its stake in shares of Hub Group by 20.3% during the third quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company's stock valued at $68,000 after buying an additional 145 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Performance

Shares of HUBG traded up $1.26 during mid-day trading on Thursday, hitting $42.28. The stock had a trading volume of 513,113 shares, compared to its average volume of 494,285. Hub Group, Inc. has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a quick ratio of 1.29, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market cap of $2.66 billion, a PE ratio of 20.09 and a beta of 0.90. The company's fifty day simple moving average is $41.69 and its two-hundred day simple moving average is $41.63.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm's revenue for the quarter was down 16.7% compared to the same quarter last year. On average, equities analysts expect that Hub Group, Inc. will post 2.08 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were given a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.18%. Hub Group's dividend payout ratio is 23.75%.

Analysts Set New Price Targets

Several analysts have commented on HUBG shares. BMO Capital Markets lowered their price target on Hub Group from $48.00 to $45.00 and set a "market perform" rating for the company in a report on Friday, April 26th. Stephens cut their price target on shares of Hub Group from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, April 26th. TD Cowen lifted their target price on shares of Hub Group from $52.00 to $54.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Wells Fargo & Company boosted their price objective on Hub Group from $45.00 to $50.00 and gave the stock an "overweight" rating in a research note on Friday, February 2nd. Finally, Evercore ISI decreased their price target on Hub Group from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hub Group currently has a consensus rating of "Hold" and an average price target of $46.54.

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.