Norges Bank Makes New $41.49 Million Investment in Hub Group, Inc. (NASDAQ:HUBG)

Norges Bank acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 931,034 shares of the transportation company’s stock, valued at approximately $41,487,000. Norges Bank owned approximately 1.52% of Hub Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of Hub Group by 64.1% during the fourth quarter. JPMorgan Chase & Co. now owns 299,634 shares of the transportation company’s stock valued at $13,352,000 after purchasing an additional 117,047 shares during the period. Segall Bryant & Hamill LLC raised its stake in Hub Group by 60.6% during the 4th quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock worth $26,252,000 after buying an additional 222,405 shares during the period. KLP Kapitalforvaltning AS bought a new position in Hub Group in the fourth quarter worth approximately $1,279,000. Sei Investments Co. grew its stake in Hub Group by 10.9% in the fourth quarter. Sei Investments Co. now owns 47,755 shares of the transportation company’s stock valued at $2,128,000 after acquiring an additional 4,701 shares during the period. Finally, Teacher Retirement System of Texas increased its holdings in shares of Hub Group by 5.5% during the fourth quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company’s stock valued at $890,000 after acquiring an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on HUBG shares. Benchmark lifted their price target on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus lifted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Barclays dropped their price target on shares of Hub Group from $50.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research note on Friday, March 7th. They set a “hold” rating and a $41.00 price target for the company. Finally, Susquehanna dropped their target price on Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Eight investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.73.

Hub Group Price Performance

HUBG opened at $33.38 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 19.64 and a beta of 1.04. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a fifty-two week low of $31.63 and a fifty-two week high of $53.21. The firm has a 50-day moving average of $40.29 and a 200 day moving average of $44.14.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a dividend yield of 1.50%. Hub Group’s payout ratio is 29.41%.

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.