Stephens Investment Management Group LLC Purchases 39,624 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Stephens Investment Management Group LLC raised its position in Hub Group, Inc. (NASDAQ:HUBG) by 13.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,055 shares of the transportation company’s stock after buying an additional 39,624 shares during the period. Stephens Investment Management Group LLC owned 0.53% of Hub Group worth $14,529,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in HUBG. XTX Topco Ltd acquired a new position in shares of Hub Group in the 3rd quarter worth approximately $481,000. Barclays PLC raised its position in Hub Group by 199.6% in the 3rd 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 stake in 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 in the last quarter. State Street Corp grew its holdings in shares of Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake 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 valued at $424,000 after buying an additional 1,368 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Hub Group Trading Down 4.2 %

NASDAQ HUBG opened at $41.45 on Monday. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. The stock has a 50-day simple moving average of $45.84 and a 200 day simple moving average of $45.54. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $2.54 billion, a PE ratio of 24.38 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results 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 return on equity of 7.17% and a net margin of 2.64%. Research analysts forecast that Hub Group, Inc. will post 2.38 EPS for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.21%. Hub Group’s dividend payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HUBG shares. TD Cowen upped their price target on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Barclays upped their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Benchmark raised their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus upped their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a research report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.27.

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.