Fisher Asset Management LLC Has $66.08 Million Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Fisher Asset Management LLC decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 11.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 718,692 shares of the transportation company's stock after selling 92,637 shares during the quarter. Fisher Asset Management LLC owned approximately 1.13% of Hub Group worth $66,077,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of HUBG. Victory Capital Management Inc. raised its holdings in shares of Hub Group by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company's stock worth $165,602,000 after purchasing an additional 125,924 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Hub Group by 8.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 33,514 shares of the transportation company's stock valued at $3,081,000 after purchasing an additional 2,674 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Hub Group by 4.7% in the fourth quarter. Federated Hermes Inc. now owns 20,118 shares of the transportation company's stock worth $1,850,000 after purchasing an additional 899 shares in the last quarter. Amica Mutual Insurance Co. acquired a new stake in shares of Hub Group in the fourth quarter worth about $842,000. Finally, Andina Capital Management LLC bought a new stake in shares of Hub Group during the 4th quarter worth about $264,000. Institutional investors and hedge funds own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Evercore ISI cut their target price on shares of Hub Group from $46.00 to $44.00 and set an "outperform" rating for the company in a research note on Friday, April 26th. Stephens decreased their price objective on Hub Group from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday, April 26th. Stifel Nicolaus lifted their target price on shares of Hub Group from $49.50 to $52.00 and gave the company a "buy" rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lifted their target price on shares of Hub Group from $43.50 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. Finally, Wells Fargo & Company lifted their target price on shares of Hub Group from $45.00 to $50.00 and gave the company an "overweight" rating in a research note on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $46.54.

Hub Group Trading Up 0.6 %

HUBG stock traded up $0.26 during midday trading on Friday, hitting $42.54. 429,407 shares of the company's stock were exchanged, compared to its average volume of 429,836. The company has a market cap of $2.67 billion, a PE ratio of 20.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.29 and a current ratio of 1.28. The stock's fifty day moving average price is $41.62 and its 200-day moving average price is $41.65. Hub Group, Inc. has a one year low of $31.73 and a one year high of $47.58.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The business had revenue of $1,000.00 million during the quarter, compared to analysts' expectations of $1.05 billion. During the same period in the prior year, the business earned $0.94 EPS. Hub Group's revenue for the quarter was down 16.7% compared to the same quarter last year. Research analysts predict that Hub Group, Inc. will post 2.02 earnings per share for the current fiscal year.

Hub Group Announces Dividend

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

Hub Group Company 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.