Arizona State Retirement System Increases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

Arizona State Retirement System grew its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,427 shares of the transportation company’s stock after purchasing an additional 282 shares during the quarter. Arizona State Retirement System’s holdings in Hub Group were worth $750,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in HUBG. Harel Insurance Investments & Financial Services Ltd. increased its position in Hub Group by 81.5% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after buying an additional 334 shares during the period. Silicon Valley Capital Partners raised its position in Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 342 shares during the last quarter. Covestor Ltd boosted its stake in Hub Group by 37.4% during the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after purchasing an additional 438 shares during the period. Russell Investments Group Ltd. grew its position in Hub Group by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock worth $1,396,000 after purchasing an additional 492 shares during the last quarter. Finally, Adirondack Trust Co. increased its stake in Hub Group by 100.0% in the fourth quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HUBG. Evercore ISI reiterated an “in-line” rating and set a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. Stifel Nicolaus decreased their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. JPMorgan Chase & Co. boosted their target price on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Susquehanna decreased their price target on Hub Group from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Friday, August 2nd. Finally, UBS Group lifted their price objective on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and an average target price of $45.35.

Hub Group Stock Up 1.2 %

HUBG opened at $44.78 on Friday. Hub Group, Inc. has a one year low of $31.73 and a one year high of $48.39. The company has a market cap of $2.78 billion, a price-to-earnings ratio of 21.27 and a beta of 0.89. The business’s fifty day moving average is $44.25 and its two-hundred day moving average is $42.95. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The firm had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the firm posted $0.72 EPS. The firm’s revenue for the quarter was down 5.2% on a year-over-year basis. Analysts anticipate that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, September 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 23.75%.

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.