Illinois Municipal Retirement Fund Lowers Stake in Hub Group, Inc. (NASDAQ:HUBG)

Illinois Municipal Retirement Fund lessened its stake in Hub Group, Inc. (NASDAQ:HUBG) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,831 shares of the transportation company’s stock after selling 503 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of Hub Group worth $1,508,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after buying an additional 450 shares in the last quarter. KBC Group NV lifted its holdings in shares of 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. Crossmark Global Holdings Inc. purchased a new position in shares of Hub Group in the third quarter worth $204,000. iSAM Funds UK Ltd purchased a new position in shares of Hub Group in the third quarter worth $214,000. Finally, Highland Capital Management LLC lifted its holdings in shares of Hub Group by 6.6% in the fourth quarter. Highland Capital Management LLC now owns 5,424 shares of the transportation company’s stock worth $242,000 after buying an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on HUBG. Susquehanna raised shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a report on Friday, January 3rd. Stifel Nicolaus boosted their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Benchmark boosted their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Barclays reduced their price target on shares of Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.50.

Hub Group Stock Up 2.0 %

NASDAQ:HUBG opened at $41.10 on Friday. Hub Group, Inc. has a 1-year low of $38.07 and a 1-year high of $53.21. The company has a 50-day moving average of $43.79 and a 200 day moving average of $45.33. The firm has a market cap of $2.52 billion, a PE ratio of 24.18 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Hub Group 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.