Geode Capital Management LLC Has $64.96 Million Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Geode Capital Management LLC decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 1.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,457,438 shares of the transportation company’s stock after selling 24,870 shares during the period. Geode Capital Management LLC’s holdings in Hub Group were worth $64,958,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd acquired a new position in shares of Hub Group in the third quarter worth $481,000. Barclays PLC increased its position in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after purchasing an additional 78,467 shares during the last quarter. State Street Corp increased its position in Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Hub Group by 16.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock worth $424,000 after purchasing an additional 1,368 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Hub Group by 14.6% during the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after buying an additional 73,712 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HUBG. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 target price for the company. Susquehanna lowered their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Wednesday. Barclays reduced their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Stifel Nicolaus boosted their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Benchmark increased their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $47.18.

Hub Group Stock Performance

Shares of NASDAQ HUBG opened at $37.13 on Friday. Hub Group, Inc. has a one year low of $36.04 and a one year high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The business has a fifty day simple moving average of $41.22 and a 200 day simple moving average of $44.44. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.84 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (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 7.10%. Sell-side analysts expect that Hub Group, Inc. will post 2.2 EPS 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 paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.35%. 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.