PNC Financial Services Group Inc. Acquires 3,614 Shares of Hub Group, Inc. (NASDAQ:HUBG)

PNC Financial Services Group Inc. grew its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 77.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,268 shares of the transportation company’s stock after acquiring an additional 3,614 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Hub Group were worth $368,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in Hub Group during the 3rd quarter worth approximately $481,000. Barclays PLC increased its position in shares of Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock worth $5,354,000 after acquiring an additional 78,467 shares in the last quarter. State Street Corp raised its holdings in shares of Hub Group by 0.8% during the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after acquiring an additional 20,215 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after acquiring an additional 1,368 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after acquiring an additional 73,712 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Price Performance

NASDAQ:HUBG opened at $36.82 on Friday. The stock has a market capitalization of $2.26 billion, a PE ratio of 21.66 and a beta of 0.93. Hub Group, Inc. has a 1-year low of $36.32 and a 1-year high of $53.21. The firm has a fifty day simple moving average of $42.07 and a 200 day simple moving average of $44.76. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting 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, research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.36%. Hub Group’s dividend payout ratio is 29.41%.

Analysts Set New Price Targets

HUBG has been the topic of several recent research reports. Barclays dropped their price target on 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. Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research note on Friday, March 7th. They issued a “hold” rating and a $41.00 target price on the stock. Stifel Nicolaus raised their price target 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. 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 report on Friday, January 3rd. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hub Group presently has a consensus rating of “Hold” and an average target price of $47.82.

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.