State of New Jersey Common Pension Fund D Buys 2,674 Shares of Hub Group, Inc. (NASDAQ:HUBG)

State of New Jersey Common Pension Fund D raised its position in Hub Group, Inc. (NASDAQ:HUBG) by 8.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 33,514 shares of the transportation company’s stock after buying an additional 2,674 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Hub Group were worth $3,081,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Anchor Investment Management LLC bought a new position in shares of Hub Group in the 4th quarter valued at about $37,000. Adirondack Trust Co. acquired a new position in Hub Group in the third quarter valued at approximately $39,000. Exchange Traded Concepts LLC boosted its stake in Hub Group by 60.3% in the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after acquiring an additional 299 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Hub Group during the 3rd quarter worth $63,000. Finally, Parkside Financial Bank & Trust grew its holdings in Hub Group by 20.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after acquiring an additional 145 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. BMO Capital Markets cut their price target on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research note on Friday. Wells Fargo & Company increased their target price on Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Stifel Nicolaus upped their price target on Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 9th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $46.54.

Hub Group Trading Up 1.4 %

NASDAQ:HUBG opened at $40.50 on Tuesday. The business’s 50-day simple moving average is $41.80 and its 200-day simple moving average is $41.62. Hub Group, Inc. has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.29. The stock has a market capitalization of $2.54 billion, a PE ratio of 19.24 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business’s revenue was down 16.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 earnings per share. Sell-side analysts expect that Hub Group, Inc. will post 2.15 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Thursday, March 7th. Hub Group’s payout ratio is presently 23.75%.

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.