Schonfeld Strategic Advisors LLC Grows Position in Hub Group, Inc. (NASDAQ:HUBG)

Schonfeld Strategic Advisors LLC grew its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 22.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 499,103 shares of the transportation company's stock after purchasing an additional 91,124 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.81% of Hub Group worth $22,240,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Dana Investment Advisors Inc. lifted its position in Hub Group by 1.1% during the 4th 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 raised its holdings in 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 acquiring an additional 260 shares in the last quarter. Summit Investment Advisors Inc. boosted its position in Hub Group by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock valued at $279,000 after purchasing an additional 287 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company's stock valued at $42,000 after purchasing an additional 310 shares during the last quarter. Finally, Highland Capital Management LLC increased its position in shares of Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company's stock worth $242,000 after purchasing an additional 338 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Analyst Ratings Changes

HUBG has been the subject of several analyst reports. Barclays decreased 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 research note on Wednesday, April 2nd. Susquehanna dropped their target price on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Benchmark lowered their price target on Hub Group from $49.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They issued a "hold" rating and a $41.00 price objective for the company. 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, the stock currently has a consensus rating of "Hold" and an average target price of $46.44.

Hub Group Trading Down 0.5 %

Shares of NASDAQ:HUBG traded down $0.18 during mid-day trading on Monday, reaching $32.71. 111,239 shares of the company's stock were exchanged, compared to its average volume of 512,600. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 19.24 and a beta of 1.13. Hub Group, Inc. has a twelve month low of $30.84 and a twelve month high of $53.21. The business's fifty day moving average price is $35.61 and its 200-day moving average price is $42.36. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

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 for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) is currently 29.41%.

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.