Prudential Financial Inc. Sells 4,324 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Prudential Financial Inc. decreased its position in Hub Group, Inc. (NASDAQ:HUBG) by 6.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 61,611 shares of the transportation company’s stock after selling 4,324 shares during the quarter. Prudential Financial Inc.’s holdings in Hub Group were worth $2,745,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. raised its position in Hub Group by 3.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after purchasing an additional 23,470 shares during the last quarter. FMR LLC raised its holdings in shares of Hub Group by 17.5% during the third quarter. FMR LLC now owns 54,650 shares of the transportation company’s stock valued at $2,484,000 after acquiring an additional 8,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Hub Group by 4.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 114,307 shares of the transportation company’s stock worth $5,195,000 after acquiring an additional 5,092 shares during the period. Point72 DIFC Ltd boosted its holdings in Hub Group by 20.3% in the third quarter. Point72 DIFC Ltd now owns 6,358 shares of the transportation company’s stock valued at $289,000 after acquiring an additional 1,075 shares in the last quarter. Finally, 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 purchasing an additional 20,215 shares during the period. 46.77% of the stock is owned by institutional investors.

Hub Group Stock Performance

Shares of HUBG stock opened at $38.01 on Thursday. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 22.36 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a one year low of $36.04 and a one year high of $53.21. The company’s 50-day moving average is $40.76 and its 200 day moving average is $44.30.

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

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.32%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HUBG shares. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays reduced their target price on Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Susquehanna decreased their price objective on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a report on Wednesday, March 26th. Finally, Benchmark upped their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus target price of $46.73.

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.