Keybank National Association OH Sells 370 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Keybank National Association OH lowered its stake in Hub Group, Inc. (NASDAQ:HUBG) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,551 shares of the transportation company’s stock after selling 370 shares during the quarter. Keybank National Association OH’s holdings in Hub Group were worth $648,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC lifted its stake in Hub Group by 0.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock valued at $1,405,000 after buying an additional 260 shares in the last quarter. Highland Capital Management LLC lifted its stake in 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 buying 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 valued at $103,000 after buying an additional 450 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Hub Group by 1.2% in the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock worth $2,167,000 after purchasing an additional 595 shares in the last quarter. Finally, KBC Group NV boosted its holdings in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after purchasing an additional 670 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Stifel Nicolaus boosted their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark increased their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday. They set a “hold” rating and a $41.00 price objective for the company. Barclays reduced 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. Finally, Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $47.82.

Hub Group Trading Down 0.4 %

Shares of NASDAQ:HUBG opened at $39.36 on Friday. Hub Group, Inc. has a 52-week low of $38.07 and a 52-week high of $53.21. The company has a market capitalization of $2.42 billion, a P/E ratio of 23.15 and a beta of 0.93. The company has a 50-day simple moving average of $43.33 and a 200 day simple moving average of $45.20. 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 (NASDAQ:HUBG) last released its quarterly earnings results 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%. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.27%. Hub Group’s dividend payout ratio is currently 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.