1 week Ago By ABMN Staff
Wells Fargo & Company MN lowered its position in shares of Hub Group, Inc. ( NASDAQ:HUBG – Free Report ) by 32.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC.
The firm owned 50,186 shares of the transportation company’s stock after selling 23,670 shares during the quarter. Wells Fargo & Company MN’s holdings in Hub Group were worth $2,236,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in HUBG.
Norges Bank bought a new position in shares of Hub Group during the fourth quarter worth about $41,487,000. River Road Asset Management LLC bought a new stake in Hub Group in the fourth quarter valued at approximately $17,458,000. Segall Bryant & Hamill LLC lifted its stake in shares of Hub Group by 60.
6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock worth $26,252,000 after buying an additional 222,405 shares during the last quarter. Raymond James Financial Inc.
bought a new stake in Hub Group in the 4th quarter valued at $9,315,000. Finally, JPMorgan Chase & Co. boosted its holdings in Hub Group by 64.
1% in the 4th quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company’s stock valued at $13,352,000 after purchasing an additional 117,047 shares during the period.
Institutional investors and hedge funds own 46.77% of the company’s stock. Analysts Set New Price Targets A number of research firms recently commented on HUBG.
Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 price target for the company.
Barclays dropped their price objective on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd.
Stifel Nicolaus lifted their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note 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 research report on Wednesday, March 26th.
Finally, Benchmark cut their price objective on shares of Hub Group from $49.00 to $40.00 and set a “buy” rating on the stock in a research report on Wednesday.
Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $45.
91. Hub Group Price Performance Hub Group stock opened at $32.15 on Friday.
The business has a fifty day moving average price of $36.67 and a 200-day moving average price of $42.77.
Hub Group, Inc. has a one year low of $30.97 and a one year high of $53.
21. The firm has a market capitalization of $1.98 billion, a P/E ratio of 18.
91 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 – Get Free Report ) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.
48. Hub Group had a return on equity of 7.10% and a net margin of 2.
64%. As a group, equities research analysts forecast that Hub Group, Inc. will post 2.
2 EPS for the current year. Hub Group Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a dividend of $0.
125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.
56%. The ex-dividend date of this dividend was Tuesday, March 18th. Hub Group’s payout ratio is currently 29.
41%. Hub Group Company Profile ( Free Report ) 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.
Further Reading Want to see what other hedge funds are holding HUBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hub Group, Inc. ( NASDAQ:HUBG – Free Report ).
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