Versor Investments LP Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

Versor Investments LP acquired a new position in Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 7,500 shares of the transportation company’s stock, valued at approximately $334,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bank of New York Mellon Corp lifted its stake in shares of Hub Group by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after buying an additional 73,712 shares during the period. Y Intercept Hong Kong Ltd lifted its position in shares of Hub Group by 344.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 27,961 shares of the transportation company’s stock worth $1,246,000 after acquiring an additional 21,675 shares during the period. Cardinal Capital Management grew its holdings in shares of Hub Group by 3.0% during the 4th quarter. Cardinal Capital Management now owns 46,374 shares of the transportation company’s stock worth $2,066,000 after purchasing an additional 1,332 shares in the last quarter. Stephens Investment Management Group LLC increased its position in shares of Hub Group by 13.8% during the fourth quarter. Stephens Investment Management Group LLC now owns 326,055 shares of the transportation company’s stock valued at $14,529,000 after purchasing an additional 39,624 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of Hub Group by 8.8% in the fourth quarter. Retirement Systems of Alabama now owns 105,844 shares of the transportation company’s stock valued at $4,716,000 after purchasing an additional 8,594 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HUBG shares. Benchmark lifted their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research report on Friday, January 3rd. Stifel Nicolaus increased their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays decreased their price objective 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. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $48.50.

Hub Group Stock Down 3.0 %

Shares of HUBG opened at $39.86 on Tuesday. The company has a market capitalization of $2.45 billion, a P/E ratio of 23.45 and a beta of 0.94. Hub Group, Inc. has a one year low of $38.07 and a one year high of $53.21. The business’s 50 day simple moving average is $43.72 and its 200-day simple moving average is $45.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.25%. The ex-dividend date was Friday, December 6th. Hub Group’s payout ratio is presently 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.