Tudor Investment Corp ET AL cut its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 48.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,284 shares of the transportation company's stock after selling 28,691 shares during the quarter. Tudor Investment Corp ET AL's holdings in Hub Group were worth $1,349,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of HUBG. Capital International Investors purchased a new position in shares of Hub Group during the fourth quarter valued at approximately $95,105,000. Invesco Ltd. lifted its stake in shares of Hub Group by 1.3% during the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock valued at $81,915,000 after buying an additional 23,674 shares during the period. Norges Bank purchased a new position in shares of Hub Group during the fourth quarter valued at approximately $41,487,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of Hub Group by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock valued at $39,205,000 after buying an additional 32,334 shares during the period. Finally, William Blair Investment Management LLC lifted its stake in shares of Hub Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company's stock valued at $37,250,000 after buying an additional 20,259 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages recently issued reports on HUBG. Susquehanna reduced their price objective on shares of Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday, March 26th. Stifel Nicolaus upped their price objective 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 reduced their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price target on the stock. Finally, Barclays cut their price target 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $44.24.
Check Out Our Latest Analysis on Hub Group
Hub Group Trading Up 0.3%
NASDAQ:HUBG traded up $0.10 during trading hours on Friday, reaching $33.23. 920,343 shares of the company were exchanged, compared to its average volume of 528,401. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.13. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. The stock has a 50 day simple moving average of $34.83 and a 200 day simple moving average of $41.97.
Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The business had revenue of $915.22 million for the quarter, compared to the consensus estimate of $973.86 million. During the same quarter last year, the firm posted $0.44 EPS. The business's revenue for the quarter was down 8.5% compared to the same quarter last year. As a group, analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.
Hub Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Tuesday, March 18th. Hub Group's dividend payout ratio is presently 29.41%.
Hub Group Company Profile
(
Free Report)
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.
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