Northern Trust Corp Acquires 40,059 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Northern Trust Corp raised its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 625,715 shares of the transportation company’s stock after purchasing an additional 40,059 shares during the quarter. Northern Trust Corp owned 1.02% of Hub Group worth $27,882,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Dana Investment Advisors Inc. lifted its holdings in Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company’s stock valued at $1,015,000 after purchasing an additional 252 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in Hub Group by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock valued at $1,405,000 after purchasing an additional 260 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Hub Group by 4.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 287 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in Hub Group by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock valued at $242,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. TD Cowen lowered their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Friday. Barclays lowered their target price on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus boosted their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Susquehanna lowered their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Finally, Benchmark lowered their target price on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a report on Friday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $44.24.

Hub Group Price Performance

Hub Group stock opened at $33.23 on Monday. The company has a market cap of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.13. The firm’s fifty day moving average is $34.83 and its 200 day moving average is $41.97. 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, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The company had revenue of $915.22 million for the quarter, compared to the consensus estimate of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Hub Group’s revenue was down 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Tuesday, March 18th. Hub Group’s payout ratio is 29.41%.

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.