Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 5.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 19,972 shares of the transportation company’s stock after purchasing an additional 1,045 shares during the period. Teacher Retirement System of Texas’ holdings in Hub Group were worth $890,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. XTX Topco Ltd acquired a new position in Hub Group during the third quarter worth $481,000. Barclays PLC raised its stake in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after buying an additional 78,467 shares during the last quarter. State Street Corp boosted its position in shares of Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after buying an additional 20,215 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in Hub Group by 16.8% in the 4th 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 during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after acquiring an additional 73,712 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ HUBG opened at $37.13 on Friday. The business’s 50-day moving average price is $41.22 and its 200 day moving average price is $44.44. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a twelve month low of $36.04 and a twelve month high of $53.21. The company has a market capitalization of $2.28 billion, a PE ratio of 21.84 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, research analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.35%. Hub Group’s dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HUBG. Benchmark upped their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus increased their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna dropped their price target on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective on the stock. Finally, Barclays cut their target price 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. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $47.18.

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.