Vestmark Advisory Solutions Inc. Increases Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Vestmark Advisory Solutions Inc. lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,551 shares of the transportation company’s stock after buying an additional 462 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Hub Group were worth $336,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of HUBG. Smartleaf Asset Management LLC boosted its position in Hub Group by 286.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after purchasing an additional 1,142 shares during the last quarter. Blue Trust Inc. boosted its position in Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV boosted its position in Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after purchasing an additional 670 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Hub Group in the third quarter worth $204,000. Finally, iSAM Funds UK Ltd purchased a new position in Hub Group in the third quarter worth $214,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $39.36 on Friday. 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, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of 23.15 and a beta of 0.93. The business’s fifty day moving average is $43.33 and its 200 day moving average is $45.20.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) 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%. Research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be paid a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. Hub Group’s payout ratio is 29.41%.

Analyst Ratings Changes

Several research analysts have weighed in on HUBG shares. Stifel Nicolaus boosted their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays cut their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 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 research report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday. They set a “hold” rating and a $41.00 price target on the stock. Finally, Benchmark upped 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. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.82.

About Hub Group

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.