Cardinal Capital Management Increases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Cardinal Capital Management increased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 46,374 shares of the transportation company’s stock after buying an additional 1,332 shares during the period. Cardinal Capital Management owned about 0.08% of Hub Group worth $2,066,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HUBG. XTX Topco Ltd acquired a new position in shares of Hub Group in the 3rd quarter valued at $481,000. Barclays PLC boosted its holdings in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after purchasing an additional 78,467 shares in the last quarter. Principal Financial Group Inc. increased its position in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the period. State Street Corp raised its position in Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after acquiring an additional 20,215 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its holdings in shares of Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after purchasing an additional 1,368 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analysts Set New Price Targets

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

Hub Group Stock Up 0.9 %

Hub Group stock opened at $42.96 on Tuesday. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. The stock has a market cap of $2.64 billion, a price-to-earnings ratio of 25.27 and a beta of 0.94. The company’s 50-day moving average price is $44.84 and its two-hundred day moving average price is $45.38. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.17%. On average, analysts expect that Hub Group, Inc. will post 2.38 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders 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 dividend yield of 1.16%. Hub Group’s dividend payout ratio (DPR) is 29.41%.

About Hub Group

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.