Hub Group, Inc. (NASDAQ:HUBG) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 675,064 shares of the transportation company’s stock after acquiring an additional 11,548 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hub Group were worth $30,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of HUBG. Crossmark Global Holdings Inc. acquired a new position in Hub Group in the 3rd quarter worth approximately $204,000. Oppenheimer Asset Management Inc. increased its holdings in Hub Group by 44.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company’s stock worth $305,000 after buying an additional 2,061 shares during the period. Natixis Advisors LLC increased its holdings in Hub Group by 5.5% in the 3rd quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company’s stock worth $908,000 after buying an additional 1,036 shares during the period. Segall Bryant & Hamill LLC increased its holdings in Hub Group by 4.0% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 366,736 shares of the transportation company’s stock worth $16,668,000 after buying an additional 13,976 shares during the period. Finally, Intech Investment Management LLC increased its holdings in Hub Group by 70.4% in the 3rd quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company’s stock worth $887,000 after buying an additional 8,064 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Trading Up 2.9 %

Shares of NASDAQ:HUBG opened at $38.15 on Tuesday. Hub Group, Inc. has a 1 year low of $36.34 and a 1 year high of $53.21. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 22.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The business’s 50 day moving average price is $42.50 and its 200-day moving average price is $44.94.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.31%. Hub Group’s dividend payout ratio is presently 29.41%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Benchmark increased their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Stifel Nicolaus raised their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Barclays dropped their price objective on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday, February 10th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price objective on the stock. Finally, Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a research note on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.82.

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.