Hub Group, Inc. (NASDAQ:HUBG) Stock Holdings Lifted by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 286.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,541 shares of the transportation company’s stock after acquiring an additional 1,142 shares during the period. Smartleaf Asset Management LLC’s holdings in Hub Group were worth $68,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HUBG. Principal Financial Group Inc. raised its position 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 worth $35,608,000 after purchasing an additional 97,768 shares during the period. Verdence Capital Advisors LLC increased its stake in Hub Group by 13.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company’s stock worth $300,000 after purchasing an additional 761 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Hub Group during the third quarter valued at about $204,000. State of New Jersey Common Pension Fund D lifted its stake in Hub Group by 4.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company’s stock valued at $2,051,000 after buying an additional 1,996 shares in the last quarter. Finally, Entropy Technologies LP purchased a new stake in Hub Group during the third quarter valued at about $445,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HUBG shares. Barclays cut their price target on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday. They set a “hold” rating and a $41.00 price objective on the stock. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research note on Friday, January 3rd. Benchmark raised their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus upped their price target on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $47.82.

Hub Group Stock Performance

Shares of NASDAQ HUBG opened at $39.36 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. Hub Group, Inc. has a one year low of $38.07 and a one year high of $53.21. The business’s 50-day moving average price is $43.33 and its two-hundred day moving average price is $45.22. The company has a market capitalization of $2.42 billion, a P/E ratio of 23.15 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS 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 anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. Hub Group’s dividend payout ratio 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.