River Road Asset Management LLC Acquires New Holdings in Hub Group, Inc. (NASDAQ:HUBG)

River Road Asset Management LLC purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the fourth quarter, Holdings Channel.com reports. The fund purchased 391,782 shares of the transportation company’s stock, valued at approximately $17,458,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. XTX Topco Ltd acquired a new position in shares of Hub Group in the 3rd quarter worth approximately $481,000. Barclays PLC boosted its position in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares during the last quarter. Principal Financial Group Inc. boosted its position in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. State Street Corp lifted its position in shares of Hub Group by 0.8% in the third 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 during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in shares of Hub Group by 16.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after buying an additional 1,368 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HUBG. Stifel Nicolaus boosted their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research note on Friday. They set a “hold” rating and a $41.00 price target on the stock. Benchmark lifted their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a report on Friday, January 3rd. Finally, Barclays reduced their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $47.82.

Hub Group Stock Performance

Shares of Hub Group stock opened at $38.48 on Tuesday. The firm has a fifty day moving average of $43.21 and a two-hundred day moving average of $45.19. The stock has a market capitalization of $2.37 billion, a price-to-earnings ratio of 22.64 and a beta of 0.93. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. 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 (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, equities research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.30%. 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.