T. Rowe Price Investment Management Inc. Grows Holdings in Hub Group, Inc. (NASDAQ:HUBG)

T. Rowe Price Investment Management Inc. grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 879,820 shares of the transportation company's stock after purchasing an additional 32,334 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.43% of Hub Group worth $39,205,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBG. Price T Rowe Associates Inc. MD raised its holdings in shares of Hub Group by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,809 shares of the transportation company's stock worth $2,265,000 after buying an additional 4,863 shares during the period. Dark Forest Capital Management LP purchased a new position in Hub Group in the fourth quarter valued at $469,000. Susquehanna International Group LLP increased its stake in shares of Hub Group by 369.2% during the fourth quarter. Susquehanna International Group LLP now owns 67,151 shares of the transportation company's stock worth $2,992,000 after purchasing an additional 52,839 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Hub Group by 250.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,830 shares of the transportation company's stock valued at $572,000 after purchasing an additional 9,169 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Hub Group by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 35,462 shares of the transportation company's stock worth $1,580,000 after acquiring an additional 506 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Trading Up 3.1 %

Shares of Hub Group stock traded up $0.99 during midday trading on Friday, reaching $32.98. 179,322 shares of the company's stock traded hands, compared to its average volume of 512,457. 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 company has a market cap of $2.03 billion, a PE ratio of 19.39 and a beta of 1.04. The stock has a 50 day moving average of $35.80 and a 200-day moving average of $42.47. Hub Group, Inc. has a 12 month low of $30.84 and a 12 month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, equities analysts expect 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. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.52%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HUBG shares. Susquehanna cut their target price 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. Stifel Nicolaus lifted their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Benchmark dropped 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, Barclays lowered their target price on shares of Hub Group from $50.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Hub Group presently has a consensus rating of "Hold" and a consensus price target of $46.44.

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.