State of New Jersey Common Pension Fund D Raises Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

State of New Jersey Common Pension Fund D increased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 4.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,122 shares of the transportation company’s stock after purchasing an additional 1,996 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.07% of Hub Group worth $2,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new stake in shares of Hub Group in the third quarter valued at $204,000. Verdence Capital Advisors LLC boosted its stake in Hub Group by 13.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 6,598 shares of the transportation company’s stock worth $300,000 after buying an additional 761 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares during the period. VELA Investment Management LLC increased its stake in shares of Hub Group by 2.2% during the 3rd quarter. VELA Investment Management LLC now owns 244,460 shares of the transportation company’s stock valued at $11,111,000 after acquiring an additional 5,277 shares during the last quarter. Finally, Integrated Advisors Network LLC purchased a new position in shares of Hub Group during the 3rd quarter worth about $378,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Susquehanna lowered their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Barclays raised their price objective on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday. UBS Group raised their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, TD Cowen increased their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $46.83.

Hub Group Price Performance

NASDAQ HUBG opened at $49.66 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.05 billion, a PE ratio of 28.22 and a beta of 0.89. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $50.83. The company has a 50 day moving average price of $44.90 and a two-hundred day moving average price of $44.02.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. As a group, equities analysts predict that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is currently 28.41%.

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.