Victory Capital Management Inc. Sells 111,620 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. cut its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 3.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 3,067,183 shares of the transportation company’s stock after selling 111,620 shares during the period. Victory Capital Management Inc.’s holdings in Hub Group were worth $136,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp increased its holdings 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 worth $113,148,000 after acquiring an additional 20,215 shares during the period. Geode Capital Management LLC grew its position in shares of Hub Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after purchasing an additional 10,328 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Hub Group by 14.3% in the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Hub Group by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock worth $30,081,000 after buying an additional 11,548 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in Hub Group by 1.8% during the third quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock valued at $29,092,000 after buying an additional 11,615 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HUBG. Barclays decreased their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Benchmark lifted their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus lifted their price target on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research report on Friday, January 3rd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $48.50.

Hub Group Stock Performance

Shares of NASDAQ HUBG opened at $39.19 on Thursday. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 23.05 and a beta of 0.94. 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 1-year low of $38.07 and a 1-year high of $53.21. The stock’s 50-day moving average is $43.52 and its 200 day moving average is $45.25.

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, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, sell-side analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.28%. Hub Group’s dividend payout ratio (DPR) is currently 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.