Northern Trust Corp Increases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Northern Trust Corp lifted its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 625,715 shares of the transportation company's stock after purchasing an additional 40,059 shares during the quarter. Northern Trust Corp owned about 1.02% of Hub Group worth $27,882,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBG. Dana Investment Advisors Inc. grew its position in Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company's stock worth $1,015,000 after buying an additional 252 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Hub Group by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company's stock worth $1,405,000 after purchasing an additional 260 shares in the last quarter. Summit Investment Advisors Inc. increased its position in shares of Hub Group by 4.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock worth $279,000 after purchasing an additional 287 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock worth $42,000 after purchasing an additional 310 shares during the last quarter. Finally, Highland Capital Management LLC raised its stake in Hub Group by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock valued at $242,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Analyst Ratings Changes

HUBG has been the subject of a number of research reports. TD Cowen cut their price target on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Benchmark cut their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price on the stock. Susquehanna dropped their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating for the company in a research note on Wednesday, March 26th. Finally, Stifel Nicolaus increased their price objective on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Hub Group has an average rating of "Hold" and a consensus price target of $43.68.

Hub Group Trading Down 0.1%

Hub Group stock traded down $0.04 during mid-day trading on Friday, hitting $35.70. The company's stock had a trading volume of 79,987 shares, compared to its average volume of 529,517. The business has a 50 day moving average price of $34.55 and a 200-day moving average price of $41.78. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The stock has a market cap of $2.20 billion, a price-to-earnings ratio of 21.00 and a beta of 1.13.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.40%. Hub Group's payout ratio is currently 29.41%.

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.