Hennion & Walsh Asset Management Inc. Buys 1,368 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Hennion & Walsh Asset Management Inc. lifted its stake in Hub Group, Inc. (NASDAQ:HUBGFree Report) by 16.8% in the 4th quarter, HoldingsChannel reports. The fund owned 9,511 shares of the transportation company’s stock after purchasing an additional 1,368 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Hub Group were worth $424,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HUBG. GAMMA Investing LLC increased its holdings in shares of Hub Group by 65.0% in the third quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the period. Point72 Hong Kong Ltd purchased a new position in Hub Group during the second quarter worth approximately $34,000. SG Americas Securities LLC purchased a new position in Hub Group during the third quarter worth approximately $106,000. CWM LLC boosted its position in Hub Group by 24.8% during the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock worth $130,000 after purchasing an additional 567 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in shares of Hub Group in the third quarter valued at approximately $182,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on HUBG shares. Evercore ISI increased their price target on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a research note on Friday, January 3rd. Barclays raised their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. TD Cowen raised their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $47.58.

Get Our Latest Research Report on Hub Group

Hub Group Trading Down 3.5 %

NASDAQ:HUBG opened at $44.83 on Tuesday. The firm has a market cap of $2.75 billion, a PE ratio of 25.47 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a fifty day moving average price of $47.61 and a 200 day moving average price of $45.50. Hub Group, Inc. has a 12-month low of $38.07 and a 12-month high of $53.21.

Hub Group (NASDAQ:HUBGGet Free Report) last posted its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The firm’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. Sell-side analysts anticipate that Hub Group, Inc. will post 1.91 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Hub Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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