Wells Fargo & Company MN Sells 23,670 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Wells Fargo & Company MN decreased its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 32.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,186 shares of the transportation company's stock after selling 23,670 shares during the quarter. Wells Fargo & Company MN owned about 0.08% of Hub Group worth $2,236,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its position in shares of Hub Group by 48.4% in the 4th 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 period. Smartleaf Asset Management LLC grew its position in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company's stock worth $68,000 after purchasing an additional 1,142 shares in the last quarter. Blue Trust Inc. raised its stake in Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company's stock valued at $103,000 after purchasing an additional 450 shares during the period. KBC Group NV lifted its holdings in shares of Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company's stock valued at $114,000 after purchasing an additional 670 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Hub Group during the 4th quarter worth about $138,000. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

Shares of Hub Group stock traded up $0.18 during trading on Thursday, hitting $31.77. 38,845 shares of the company's stock traded hands, compared to its average volume of 511,866. Hub Group, Inc. has a twelve month low of $30.84 and a twelve month high of $53.21. 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 company has a market cap of $1.95 billion, a PE ratio of 18.75 and a beta of 1.04. The firm's fifty day moving average price is $36.01 and its 200 day moving average price is $42.55.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm 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 of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.57%. Hub Group's payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HUBG shares. Benchmark lowered their target price on shares of Hub Group from $49.00 to $40.00 and set a "buy" rating on the stock in a research report on Wednesday, April 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a report on Friday, March 7th. They set a "hold" rating and a $41.00 price target for the company. Stifel Nicolaus lifted their price objective on Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Barclays decreased their target price on 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. Finally, Susquehanna dropped their price target 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. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $46.44.

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.