Maryland State Retirement & Pension System Trims Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Maryland State Retirement & Pension System decreased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,471 shares of the transportation company’s stock after selling 330 shares during the period. Maryland State Retirement & Pension System’s holdings in Hub Group were worth $912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. River Road Asset Management LLC bought a new position in Hub Group in the fourth quarter worth about $17,458,000. Raymond James Financial Inc. bought a new position in shares of Hub Group in the 4th quarter worth approximately $9,315,000. Principal Financial Group Inc. lifted its stake in shares of 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 purchasing an additional 97,768 shares during the period. Barclays PLC boosted its position in shares of Hub Group by 199.6% during the third 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. Finally, Bank of New York Mellon Corp grew its stake in Hub Group by 14.6% in the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock worth $25,753,000 after purchasing an additional 73,712 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 1.8 %

Shares of Hub Group stock opened at $37.47 on Monday. Hub Group, Inc. has a twelve month low of $36.04 and a twelve month high of $53.21. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10. The company’s 50 day moving average is $41.96 and its 200 day moving average is $44.67. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 22.04 and a beta of 0.93.

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 return on equity of 7.10% and a net margin of 2.64%. Research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.33%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of research reports. Benchmark boosted their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus upped their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 target price for the company. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd. Finally, Barclays lowered their price objective on 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.82.

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.