Hub Group, Inc. (NASDAQ:HUBG) Stake Increased by Franklin Resources Inc.

Franklin Resources Inc. raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,148 shares of the transportation company’s stock after acquiring an additional 595 shares during the quarter. Franklin Resources Inc.’s holdings in Hub Group were worth $2,167,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. XTX Topco Ltd acquired a new stake in shares of Hub Group in the 3rd quarter valued at about $481,000. Barclays PLC increased its holdings in Hub Group by 199.6% in the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after buying an additional 78,467 shares during the last quarter. Principal Financial Group Inc. raised its stake in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after buying an additional 97,768 shares in the last quarter. State Street Corp lifted its holdings in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after buying an additional 20,215 shares during the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of Hub Group by 53.7% in the 2nd quarter. WINTON GROUP Ltd now owns 117,664 shares of the transportation company’s stock worth $5,065,000 after acquiring an additional 41,119 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Evercore ISI raised their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Barclays boosted their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Susquehanna cut their target price on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. Finally, TD Cowen upped their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hub Group presently has an average rating of “Hold” and an average target price of $46.83.

Hub Group Stock Up 0.9 %

Shares of Hub Group stock opened at $44.35 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. Hub Group, Inc. has a 1-year low of $38.07 and a 1-year high of $53.21. The business’s fifty day moving average price is $47.70 and its two-hundred day moving average price is $45.27. The company has a market capitalization of $2.72 billion, a P/E ratio of 25.20 and a beta of 0.91.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company’s revenue was down 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.49 earnings per share. As a group, research analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Announces Dividend

The business 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. This represents a $0.50 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

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.