Amundi Grows Position in Hub Group, Inc. (NASDAQ:HUBG)

Amundi grew its stake in Hub Group, Inc. (NASDAQ:HUBG) by 51.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,043 shares of the transportation company’s stock after purchasing an additional 16,267 shares during the period. Amundi’s holdings in Hub Group were worth $2,122,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HUBG. Crossmark Global Holdings Inc. purchased a new position in shares of Hub Group during the 3rd quarter valued at approximately $204,000. Oppenheimer Asset Management Inc. lifted its position in shares of Hub Group by 44.4% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock valued at $305,000 after buying an additional 2,061 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of Hub Group by 5.5% during the 3rd quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock valued at $908,000 after buying an additional 1,036 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Hub Group by 4.0% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 366,736 shares of the transportation company’s stock valued at $16,668,000 after buying an additional 13,976 shares in the last quarter. Finally, Intech Investment Management LLC lifted its position in shares of Hub Group by 70.4% during the 3rd quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company’s stock valued at $887,000 after buying an additional 8,064 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 2.9 %

Shares of HUBG opened at $38.15 on Tuesday. Hub Group, Inc. has a 52-week low of $36.34 and a 52-week high of $53.21. The company has a market capitalization of $2.35 billion, a PE ratio of 22.44 and a beta of 0.93. The stock has a fifty day simple moving average of $42.50 and a two-hundred day simple moving average of $44.94. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last issued its earnings results 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 return on equity of 7.10% and a net margin of 2.64%. As a group, equities analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s payout ratio is 29.41%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 target price on the stock. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research report on Friday, January 3rd. Stifel Nicolaus increased their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Barclays reduced their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Finally, Benchmark increased their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus price target of $47.82.

Hub Group Company 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.