HighTower Advisors LLC Lowers Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

HighTower Advisors LLC reduced its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 0.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 785,322 shares of the transportation company’s stock after selling 1,579 shares during the quarter. HighTower Advisors LLC’s holdings in Hub Group were worth $34,994,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Dana Investment Advisors Inc. raised its holdings in Hub Group by 1.1% during the fourth quarter. Dana Investment Advisors Inc. now owns 22,781 shares of the transportation company’s stock worth $1,015,000 after purchasing an additional 252 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in 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 during the last quarter. Highland Capital Management LLC raised its holdings in Hub Group by 6.6% during the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock worth $242,000 after purchasing an additional 338 shares during the last quarter. Blue Trust Inc. raised its holdings in Hub Group by 24.8% during 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. Finally, Vestmark Advisory Solutions Inc. raised its holdings in Hub Group by 6.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 7,551 shares of the transportation company’s stock worth $336,000 after purchasing an additional 462 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $37.08 on Friday. The company has a market cap of $2.28 billion, a P/E ratio of 21.81 and a beta of 0.93. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a 52 week low of $36.34 and a 52 week high of $53.21. The business has a fifty day simple moving average of $42.62 and a 200-day simple moving average of $44.98.

Hub Group (NASDAQ:HUBG) last announced 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 return on equity of 7.10% and a net margin of 2.64%. Equities research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, March 18th. Hub Group’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HUBG. Barclays reduced their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target for the company. Benchmark boosted their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Stifel Nicolaus boosted their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.