Illumine Investment Management LLC Makes New $629,000 Investment in Hub Group, Inc. (NASDAQ:HUBG)

Illumine Investment Management LLC acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 14,126 shares of the transportation company’s stock, valued at approximately $629,000.

Several other hedge funds have also modified their holdings of HUBG. VELA Investment Management LLC increased its holdings in Hub Group by 2.5% during the 4th quarter. VELA Investment Management LLC now owns 250,561 shares of the transportation company’s stock worth $11,165,000 after purchasing an additional 6,101 shares during the period. Versor Investments LP acquired a new position in shares of Hub Group during the fourth quarter worth about $334,000. Bank of New York Mellon Corp increased its stake in shares of Hub Group by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after buying an additional 73,712 shares during the period. Y Intercept Hong Kong Ltd raised its holdings in Hub Group by 344.8% in the fourth quarter. Y Intercept Hong Kong Ltd now owns 27,961 shares of the transportation company’s stock valued at $1,246,000 after acquiring an additional 21,675 shares in the last quarter. Finally, Cardinal Capital Management lifted its stake in Hub Group by 3.0% in the fourth quarter. Cardinal Capital Management now owns 46,374 shares of the transportation company’s stock worth $2,066,000 after acquiring an additional 1,332 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HUBG shares. Barclays dropped their price objective on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Benchmark upped their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd. Stifel Nicolaus upped their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, TD Cowen lifted their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Hub Group presently has a consensus rating of “Hold” and an average price target of $48.50.

Hub Group Stock Performance

Shares of HUBG stock opened at $40.29 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The stock has a market cap of $2.47 billion, a PE ratio of 23.70 and a beta of 0.94. Hub Group, Inc. has a 1 year low of $38.07 and a 1 year high of $53.21. The stock has a fifty day moving average price of $43.83 and a 200 day moving average price of $45.32.

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

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a yield of 1.24%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

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.