Aristides Capital LLC Increases Stake in Hub Group, Inc. (NASDAQ:HUBG)

Aristides Capital LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 33.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,716 shares of the transportation company’s stock after purchasing an additional 1,668 shares during the period. Aristides Capital LLC’s holdings in Hub Group were worth $299,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of HUBG. XTX Topco Ltd purchased a new stake in shares of Hub Group during the third quarter valued at $481,000. Barclays PLC lifted its position in Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares during the period. State Street Corp grew its stake in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hub Group in the fourth quarter valued at about $1,279,000. Finally, Hennion & Walsh Asset Management Inc. raised 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 worth $424,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the topic of a number of recent research reports. Barclays dropped their target price on Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Susquehanna dropped their price objective on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Stifel Nicolaus upped their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Benchmark lifted their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $46.73.

Hub Group Price Performance

NASDAQ:HUBG opened at $33.38 on Monday. The stock has a market capitalization of $2.05 billion, a PE ratio of 19.64 and a beta of 1.04. Hub Group, Inc. has a 52 week low of $31.63 and a 52 week high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The stock’s 50-day moving average price is $40.29 and its 200-day moving average price is $44.13.

Hub Group (NASDAQ:HUBG) last posted 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%. As a group, equities analysts expect 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, March 28th. Shareholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group’s payout ratio is 29.41%.

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.