Highland Capital Management LLC Boosts Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Highland Capital Management LLC boosted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,424 shares of the transportation company’s stock after purchasing an additional 338 shares during the period. Highland Capital Management LLC’s holdings in Hub Group were worth $242,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its position in shares of Hub Group by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. Blue Trust Inc. boosted its position in Hub Group by 24.8% in the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after buying an additional 450 shares during the period. CWM LLC grew its stake in shares of Hub Group by 24.8% in the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock worth $130,000 after acquiring an additional 567 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Hub Group by 1.2% during the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 595 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Stock Down 0.7 %

Shares of NASDAQ HUBG opened at $44.61 on Friday. The business has a 50-day moving average price of $46.74 and a 200 day moving average price of $45.61. The stock has a market cap of $2.74 billion, a PE ratio of 25.35 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.49 earnings per share. The company’s revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Hub Group, Inc. will post 1.91 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is currently 28.41%.

Analysts Set New Price Targets

HUBG has been the subject of a number of recent research reports. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. TD Cowen lifted their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Barclays lifted their price target on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Benchmark increased their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.42.

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.