Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Vestcor Inc

Vestcor Inc grew its position in Hub Group, Inc. (NASDAQ:HUBG) by 234.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,173 shares of the transportation company’s stock after acquiring an additional 4,325 shares during the period. Vestcor Inc’s holdings in Hub Group were worth $275,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HUBG. Dana Investment Advisors Inc. raised its holdings in Hub Group by 1.1% in the 4th 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 period. Nisa Investment Advisors LLC raised its stake in shares of Hub Group by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after buying an additional 260 shares during the period. Highland Capital Management LLC lifted its position in shares of Hub Group by 6.6% during the 4th quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock valued at $242,000 after buying an additional 338 shares in the last quarter. Blue Trust Inc. increased its holdings in Hub Group by 24.8% in the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after acquiring an additional 450 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its position 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 acquiring an additional 462 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Up 2.9 %

Shares of HUBG opened at $38.15 on Tuesday. Hub Group, Inc. has a 12-month low of $36.34 and a 12-month high of $53.21. The firm has a market capitalization of $2.35 billion, a P/E ratio of 22.44 and a beta of 0.93. The firm has a 50-day moving average price of $42.50 and a 200 day moving average price of $44.94. 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 (NASDAQ:HUBG) last posted its quarterly 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 net margin of 2.64% and a return on equity of 7.10%. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be given a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.31%. Hub Group’s dividend payout ratio is currently 29.41%.

Analyst Upgrades and Downgrades

HUBG has been the subject of a number of research reports. Barclays cut their target price on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a research note on Friday, January 3rd. Stifel Nicolaus raised their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 price target for the company. Finally, Benchmark raised their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report 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. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $47.82.

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.