New York State Teachers Retirement System Reduces Position in Hub Group, Inc. (NASDAQ:HUBG)

New York State Teachers Retirement System decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 11.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 71,638 shares of the transportation company’s stock after selling 8,816 shares during the period. New York State Teachers Retirement System’s holdings in Hub Group were worth $3,192,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Hub Group in the third quarter worth $481,000. Barclays PLC increased its holdings in shares of Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after acquiring an additional 78,467 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after acquiring an additional 97,768 shares in the last quarter. State Street Corp increased its holdings in shares of Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after acquiring an additional 20,215 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Hub Group by 16.8% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 1,368 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Trading Up 0.3 %

Shares of NASDAQ:HUBG opened at $43.13 on Friday. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 25.37 and a beta of 0.94. 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 stock’s 50-day simple moving average is $44.29 and its two-hundred day simple moving average is $45.36. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Analysts expect 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, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Hub Group’s payout ratio is currently 29.41%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on HUBG shares. Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus raised their price target on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Barclays reduced their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Finally, TD Cowen lifted their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Hub Group has an average rating of “Hold” and a consensus target price of $48.50.

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.