Summit Global Investments Has $1.34 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Summit Global Investments lessened its stake in Hub Group, Inc. (NASDAQ:HUBG) by 21.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,611 shares of the transportation company’s stock after selling 3,906 shares during the period. Summit Global Investments’ holdings in Hub Group were worth $1,343,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. grew its position in shares of Hub Group by 7.5% in the 4th quarter. Victory Capital Management Inc. now owns 1,801,201 shares of the transportation company’s stock valued at $165,602,000 after buying an additional 125,924 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of Hub Group by 8.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 33,514 shares of the transportation company’s stock valued at $3,081,000 after purchasing an additional 2,674 shares in the last quarter. Federated Hermes Inc. boosted its position in shares of Hub Group by 4.7% during the 4th quarter. Federated Hermes Inc. now owns 20,118 shares of the transportation company’s stock valued at $1,850,000 after purchasing an additional 899 shares in the last quarter. Amica Mutual Insurance Co. bought a new stake in shares of Hub Group during the 4th quarter valued at about $842,000. Finally, Andina Capital Management LLC bought a new stake in shares of Hub Group during the 4th quarter valued at about $264,000. Institutional investors own 46.77% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus upped their target price on Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. BMO Capital Markets cut their target price on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research report on Friday, April 26th. Susquehanna dropped their price target on Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Benchmark reaffirmed a “buy” rating and set a $49.00 price target on shares of Hub Group in a research note on Friday, April 26th. Finally, Morgan Stanley upped their price target on Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $46.54.

Hub Group Stock Performance

Shares of Hub Group stock traded up $0.26 during trading hours on Friday, reaching $42.54. The company had a trading volume of 429,407 shares, compared to its average volume of 429,836. Hub Group, Inc. has a one year low of $31.73 and a one year high of $47.58. The business has a fifty day simple moving average of $41.62 and a 200 day simple moving average of $41.65. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29. The firm has a market cap of $2.67 billion, a PE ratio of 20.21 and a beta of 0.90.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The firm’s quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the company earned $0.94 earnings per share. On average, analysts anticipate that Hub Group, Inc. will post 2.02 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group’s dividend payout ratio is 23.75%.

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.