Synovus Financial Corp Has $1.01 Million Stake in Hub Group, Inc. (NASDAQ:HUBG)

Synovus Financial Corp grew its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1.5% during the fourth quarter, HoldingsChannel reports. The firm owned 22,618 shares of the transportation company’s stock after buying an additional 344 shares during the quarter. Synovus Financial Corp’s holdings in Hub Group were worth $1,008,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. lifted its stake in Hub Group by 48.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after buying an additional 1,142 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Hub Group by 803.3% in the 4th quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after acquiring an additional 1,679 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after acquiring an additional 450 shares in the last quarter. Finally, KBC Group NV grew its position in Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after acquiring an additional 670 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on HUBG shares. Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 target price for the company. Benchmark boosted their target price on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Susquehanna dropped their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Stifel Nicolaus lifted their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Barclays decreased their price objective on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.73.

Hub Group Trading Down 3.3 %

NASDAQ HUBG opened at $31.63 on Thursday. Hub Group, Inc. has a one year low of $31.30 and a one year high of $53.21. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The business has a 50 day simple moving average of $38.10 and a 200 day simple moving average of $43.31. The stock has a market capitalization of $1.95 billion, a P/E ratio of 18.61 and a beta of 1.04.

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, meeting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.58%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

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.