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

Illinois Municipal Retirement Fund reduced its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.7% in the fourth quarter, HoldingsChannel reports. The fund owned 17,169 shares of the transportation company’s stock after selling 1,241 shares during the period. Illinois Municipal Retirement Fund’s holdings in Hub Group were worth $1,579,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of HUBG. Victory Capital Management Inc. increased its stake in Hub Group by 8.5% during the 3rd quarter. Victory Capital Management Inc. now owns 1,675,277 shares of the transportation company’s stock valued at $131,576,000 after purchasing an additional 131,193 shares in the last quarter. Invesco Ltd. increased its stake in Hub Group by 5.9% during the 3rd quarter. Invesco Ltd. now owns 728,542 shares of the transportation company’s stock valued at $57,220,000 after purchasing an additional 40,578 shares in the last quarter. Pacer Advisors Inc. increased its stake in Hub Group by 54.5% during the 4th quarter. Pacer Advisors Inc. now owns 727,572 shares of the transportation company’s stock valued at $66,893,000 after purchasing an additional 256,551 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Hub Group by 2.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 490,917 shares of the transportation company’s stock valued at $38,557,000 after purchasing an additional 11,609 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in Hub Group by 12.9% during the 3rd quarter. American Century Companies Inc. now owns 456,022 shares of the transportation company’s stock valued at $35,816,000 after purchasing an additional 52,248 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Performance

HUBG opened at $39.93 on Monday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 19.01 and a beta of 0.89. The company’s 50 day moving average is $41.88 and its 200 day moving average is $41.61. Hub Group, Inc. has a 12-month low of $31.73 and a 12-month high of $47.58.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter last year, the firm posted $0.94 earnings per share. The firm’s revenue was down 16.7% compared to the same quarter last year. On average, equities research analysts predict that Hub Group, Inc. will post 2.15 EPS for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group’s dividend payout ratio is currently 23.81%.

Analyst Upgrades and Downgrades

HUBG has been the subject of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating for the company in a research note on Friday. Susquehanna reduced their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Benchmark reiterated a “buy” rating and issued a $49.00 price target on shares of Hub Group in a research note on Friday. Wells Fargo & Company lifted their price target on shares of Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, Hub Group presently has a consensus rating of “Hold” and an average target price of $46.54.

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.