EP Wealth Advisors LLC Takes Position in Hub Group, Inc. (NASDAQ:HUBG)

EP Wealth Advisors LLC acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,009 shares of the transportation company’s stock, valued at approximately $223,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock worth $42,000 after acquiring an additional 310 shares during the period. Smartleaf Asset Management LLC raised its stake in Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after acquiring an additional 1,142 shares during the period. Sterling Capital Management LLC raised its stake in Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock worth $84,000 after acquiring an additional 1,679 shares during the period. Blue Trust Inc. raised its stake in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after acquiring an additional 450 shares during the period. Finally, KBC Group NV raised its stake in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after acquiring an additional 670 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Trading Down 0.9%

Hub Group stock opened at $35.53 on Wednesday. The firm has a 50 day simple moving average of $34.68 and a 200-day simple moving average of $41.88. 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 stock has a market capitalization of $2.19 billion, a PE ratio of 20.90 and a beta of 1.13. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The business’s revenue was down 8.5% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. As a group, equities research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

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 $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HUBG shares. Deutsche Bank Aktiengesellschaft started 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. TD Cowen dropped their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Stifel Nicolaus raised 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. Susquehanna dropped their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a research note on Wednesday, March 26th. Finally, Barclays dropped their price target on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average target price of $43.68.

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.