Nomura Holdings Inc. Sells 20,021 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Nomura Holdings Inc. lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 44.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,786 shares of the transportation company’s stock after selling 20,021 shares during the period. Nomura Holdings Inc.’s holdings in Hub Group were worth $1,104,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew its holdings in Hub Group by 48.4% during the 4th 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 in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,142 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after purchasing an additional 1,679 shares in the last quarter. Blue Trust Inc. increased its holdings in Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after buying an additional 450 shares during the period. Finally, KBC Group NV raised its stake in Hub Group by 35.3% in the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Benchmark cut their price target on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a report on Friday, May 9th. Barclays cut their target price on Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. Susquehanna decreased their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $43.68.

Hub Group Trading Up 0.6%

NASDAQ:HUBG opened at $35.96 on Monday. The company has a market capitalization of $2.20 billion, a P/E ratio of 21.15 and a beta of 1.13. 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, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The firm has a fifty day simple moving average of $34.51 and a 200-day simple moving average of $41.70.

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

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.39%. Hub Group’s payout ratio is currently 29.41%.

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.