Y Intercept Hong Kong Ltd Buys 21,675 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Y Intercept Hong Kong Ltd lifted its position in Hub Group, Inc. (NASDAQ:HUBG) by 344.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 27,961 shares of the transportation company’s stock after purchasing an additional 21,675 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Hub Group were worth $1,246,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBG. Nisa Investment Advisors LLC lifted its holdings in shares of Hub Group by 0.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after buying an additional 260 shares during the period. Highland Capital Management LLC raised its holdings in shares of Hub Group by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock valued at $242,000 after acquiring an additional 338 shares in the last quarter. Blue Trust Inc. lifted its stake in Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after acquiring an additional 450 shares during the period. Franklin Resources Inc. grew its holdings in Hub Group by 1.2% during the 3rd quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after acquiring an additional 595 shares in the last quarter. Finally, KBC Group NV increased 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 valued at $114,000 after purchasing an additional 670 shares during the period. Institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HUBG. Benchmark upped their price target 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. Barclays lowered their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. TD Cowen lifted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research report on Friday, January 3rd. Finally, Stifel Nicolaus raised their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.50.

Hub Group Stock Down 3.3 %

HUBG opened at $40.77 on Thursday. The company has a fifty day moving average of $43.93 and a two-hundred day moving average of $45.35. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a fifty-two week low of $38.07 and a fifty-two week high of $53.21. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 23.98 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.23%. Hub Group’s dividend payout ratio (DPR) is 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.