931,034 Shares in Hub Group, Inc. (NASDAQ:HUBG) Acquired by Norges Bank

Norges Bank bought a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, HoldingsChannel reports. The firm bought 931,034 shares of the transportation company’s stock, valued at approximately $41,487,000.

Several other institutional investors have also recently made changes to their positions in HUBG. JPMorgan Chase & Co. raised its stake in shares of Hub Group by 64.1% during 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. Segall Bryant & Hamill LLC lifted its holdings in shares of Hub Group by 60.6% in the fourth 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 in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Hub Group in the fourth quarter valued at approximately $1,279,000. Sei Investments Co. grew its stake in Hub Group by 10.9% during the fourth quarter. Sei Investments Co. now owns 47,755 shares of the transportation company’s stock valued at $2,128,000 after acquiring an additional 4,701 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its holdings in Hub Group by 5.5% during the 4th quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company’s stock worth $890,000 after acquiring an additional 1,045 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

Hub Group stock opened at $33.38 on Friday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The firm has a market cap of $2.05 billion, a P/E ratio of 19.64 and a beta of 1.04. Hub Group, Inc. has a 1-year low of $31.63 and a 1-year high of $53.21. The firm has a 50-day moving average of $40.29 and a 200-day moving average of $44.14.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share 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%. Sell-side analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Hub Group 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.