Amalgamated Bank Reduces Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Amalgamated Bank lessened its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,804 shares of the transportation company’s stock after selling 299 shares during the period. Amalgamated Bank’s holdings in Hub Group were worth $793,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Hub Group by 13.0% in the third quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company’s stock worth $300,000 after buying an additional 761 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Hub Group during the third quarter worth about $204,000. State of New Jersey Common Pension Fund D raised its position in Hub Group by 4.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 45,122 shares of the transportation company’s stock valued at $2,051,000 after acquiring an additional 1,996 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in Hub Group during the third quarter valued at approximately $445,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of analyst reports. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a research note 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 report on Thursday, January 23rd. Benchmark lifted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, Barclays lowered their target price on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $48.50.

Hub Group Trading Down 3.0 %

Shares of Hub Group stock opened at $39.86 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month high of $53.21. The firm has a market capitalization of $2.45 billion, a PE ratio of 23.45 and a beta of 0.94. The firm’s 50-day moving average price is $43.72 and its 200 day moving average price is $45.33.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.25%. Hub Group’s dividend payout ratio (DPR) is presently 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.