52,078 Shares in Hub Group, Inc. (NASDAQ:HUBG) Acquired by Vest Financial LLC

Vest Financial LLC acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 52,078 shares of the transportation company’s stock, valued at approximately $1,936,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HUBG. Capital International Investors acquired a new stake in shares of Hub Group during the 4th quarter worth approximately $95,105,000. Invesco Ltd. boosted its stake in shares of Hub Group by 1.3% in the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company’s stock valued at $81,915,000 after purchasing an additional 23,674 shares during the period. Balyasny Asset Management L.P. boosted its position in Hub Group by 77.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after buying an additional 499,621 shares during the period. Norges Bank purchased a new position in Hub Group in the fourth quarter valued at $41,487,000. Finally, T. Rowe Price Investment Management Inc. grew its position in shares of Hub Group by 3.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company’s stock worth $39,205,000 after buying an additional 32,334 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Performance

HUBG opened at $33.69 on Friday. The business’s 50 day moving average is $33.49 and its 200-day moving average is $40.25. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The stock has a market cap of $2.06 billion, a PE ratio of 19.82 and a beta of 1.15. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. The company’s quarterly revenue was down 8.5% on a year-over-year basis. During the same quarter last year, the business posted $0.44 earnings per share. On average, analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. TD Cowen dropped their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Barclays dropped their target price on Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Benchmark cut their price target on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Finally, Susquehanna cut their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research report on Wednesday, March 26th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.68.

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.