Hub Group, Inc. (NASDAQ:HUBG) Shares Acquired by VELA Investment Management LLC

VELA Investment Management LLC raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 250,561 shares of the transportation company’s stock after purchasing an additional 6,101 shares during the period. Hub Group makes up approximately 3.1% of VELA Investment Management LLC’s portfolio, making the stock its 2nd biggest holding. VELA Investment Management LLC owned about 0.41% of Hub Group worth $11,165,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its stake in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hub Group by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after purchasing an additional 10,328 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Hub Group by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock worth $30,157,000 after buying an additional 23,470 shares during the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after buying an additional 11,615 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Price Performance

Hub Group stock opened at $40.29 on Friday. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The business’s 50 day simple moving average is $43.83 and its 200 day simple moving average is $45.32. The company has a market cap of $2.47 billion, a price-to-earnings ratio of 23.70 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (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%. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. Hub Group’s payout ratio is 29.41%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HUBG shares. Benchmark boosted their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Barclays cut their target price 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. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research note on Friday, January 3rd. TD Cowen boosted their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Finally, Stifel Nicolaus boosted their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Eight equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Hub Group currently has an average rating of “Hold” and an average price target of $48.50.

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.