Royce & Associates LP Purchases 16,066 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Royce & Associates LP increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 656,159 shares of the transportation company’s stock after buying an additional 16,066 shares during the period. Royce & Associates LP owned 1.07% of Hub Group worth $29,238,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HUBG. River Road Asset Management LLC bought a new stake in shares of Hub Group during the 4th quarter worth $17,458,000. Raymond James Financial Inc. bought a new stake in shares of Hub Group during the 4th quarter worth $9,315,000. Principal Financial Group Inc. boosted its holdings in shares of Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after buying an additional 97,768 shares during the period. Barclays PLC boosted its holdings in shares of Hub Group by 199.6% during the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after buying an additional 78,467 shares during the period. Finally, Bank of New York Mellon Corp boosted 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 worth $25,753,000 after buying an additional 73,712 shares during the period. 46.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on HUBG. Barclays reduced their price target on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target for the company. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a report on Friday, January 3rd. Benchmark increased their price target 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. Finally, Stifel Nicolaus increased their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $47.82.

Hub Group Trading Up 1.5 %

Shares of HUBG stock opened at $37.08 on Friday. Hub Group, Inc. has a 52-week low of $36.34 and a 52-week high of $53.21. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 21.81 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a fifty day moving average of $42.62 and a 200-day moving average of $44.99.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. On average, equities research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company 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. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is currently 29.41%.

Hub Group Company 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.