Segall Bryant & Hamill LLC Grows Position in Hub Group, Inc. (NASDAQ:HUBG)

Segall Bryant & Hamill LLC raised its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 60.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 589,141 shares of the transportation company’s stock after acquiring an additional 222,405 shares during the period. Segall Bryant & Hamill LLC’s holdings in Hub Group were worth $26,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of HUBG. State Street Corp increased its holdings in shares of Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after buying an additional 20,215 shares during the last quarter. Geode Capital Management LLC increased its stake in Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after acquiring an additional 10,328 shares during the last quarter. William Blair Investment Management LLC raised its position in Hub Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock valued at $37,250,000 after purchasing an additional 20,259 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Hub Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock worth $30,081,000 after purchasing an additional 11,548 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Price Performance

Shares of HUBG stock opened at $38.15 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 $36.04 and a twelve month high of $53.21. The stock has a fifty day simple moving average of $41.85 and a two-hundred day simple moving average of $44.62. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 22.44 and a beta of 0.93.

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

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is 29.41%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HUBG. Stifel Nicolaus raised their price target on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. 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. Barclays cut their price target on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of 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 raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research note on Friday, January 3rd. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus price target of $47.82.

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.