Swiss National Bank Purchases 500 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Swiss National Bank raised its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 121,100 shares of the transportation company’s stock after buying an additional 500 shares during the quarter. Swiss National Bank’s holdings in Hub Group were worth $5,396,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. State Street Corp increased its position in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after acquiring an additional 10,328 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. Charles Schwab Investment Management Inc. raised its position in shares of Hub Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock worth $30,081,000 after purchasing an additional 11,548 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

NASDAQ HUBG opened at $38.15 on Tuesday. The company has a 50-day moving average price of $41.85 and a 200-day moving average price of $44.62. Hub Group, Inc. has a 52 week low of $36.04 and a 52 week high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.35 billion, a P/E ratio of 22.44 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Equities research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.31%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

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

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.