6 days Ago By ABMN Staff
Alliancebernstein L.P. boosted its stake in shares of Hub Group, Inc.
( NASDAQ:HUBG – Free Report ) by 4.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 73,463 shares of the transportation company’s stock after buying an additional 2,880 shares during the quarter.
Alliancebernstein L.P. owned approximately 0.
12% of Hub Group worth $3,274,000 as of its most recent SEC filing. Several other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Hub Group during the 4th quarter valued at approximately $41,487,000.
River Road Asset Management LLC purchased a new stake in Hub Group in the fourth quarter worth $17,458,000. Segall Bryant & Hamill LLC raised its stake in shares of Hub Group by 60.6% in the fourth quarter.
Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock valued at $26,252,000 after buying an additional 222,405 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Hub Group during the 4th quarter valued at $9,315,000.
Finally, JPMorgan Chase & Co. grew its stake in shares of Hub Group by 64.1% during the 4th quarter.
JPMorgan Chase & Co. now owns 299,634 shares of the transportation company’s stock worth $13,352,000 after acquiring an additional 117,047 shares during the period. Institutional investors own 46.
77% of the company’s stock. Analysts Set New Price Targets Several equities research analysts have commented on the stock. Susquehanna dropped their price objective on shares of Hub Group from $55.
00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Stifel Nicolaus upped their price target on shares of Hub Group from $46.
00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Benchmark lifted their price objective on shares of Hub Group from $47.
00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays dropped their target price on Hub Group from $50.
00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th.
They issued a “hold” rating and a $41.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock.
According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $46.73. Hub Group Price Performance Hub Group stock opened at $33.
44 on Tuesday. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 19.
67 and a beta of 1.04. 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 business has a 50-day simple moving average of $38.51 and a 200 day simple moving average of $43.46.
Hub Group, Inc. has a 52 week low of $31.41 and a 52 week high of $53.
21. Hub Group ( NASDAQ:HUBG – Get Free Report ) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.
48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.
10% and a net margin of 2.64%. On average, research analysts forecast that Hub Group, Inc.
will post 2.2 earnings per share for the current fiscal year. Hub Group Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th.
Stockholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. This represents a $0.
50 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Tuesday, March 18th.
Hub Group’s dividend payout ratio is currently 29.41%. 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. Read More Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter .
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