Headlands Technologies LLC Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

Headlands Technologies LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,090 shares of the transportation company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Alliancebernstein L.P. increased its holdings in shares of Hub Group by 4.1% during the fourth quarter. Alliancebernstein L.P. now owns 73,463 shares of the transportation company’s stock worth $3,274,000 after buying an additional 2,880 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Hub Group by 26.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,907 shares of the transportation company’s stock worth $798,000 after purchasing an additional 3,797 shares in the last quarter. Cornercap Investment Counsel Inc. acquired a new position in Hub Group in the 4th quarter worth about $488,000. Nomura Asset Management Co. Ltd. raised its position in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Hub Group during the fourth quarter valued at about $41,487,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 1.6 %

Shares of Hub Group stock opened at $33.38 on Friday. The stock’s 50-day moving average is $40.29 and its 200 day moving average is $44.14. Hub Group, Inc. has a one year low of $31.63 and a one year high of $53.21. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 19.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

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

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.50%. The ex-dividend date was Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is currently 29.41%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Barclays cut their price target on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a report on Wednesday. Stifel Nicolaus increased their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna cut their target price on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Finally, Benchmark upped their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $46.73.

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.