New York State Common Retirement Fund Sells 569 Shares of Hub Group, Inc. (NASDAQ:HUBG)

New York State Common Retirement Fund trimmed its stake in Hub Group, Inc. (NASDAQ:HUBG) by 3.2% during the 4th quarter, HoldingsChannel reports. The fund owned 17,434 shares of the transportation company’s stock after selling 569 shares during the quarter. New York State Common Retirement Fund’s holdings in Hub Group were worth $1,603,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its position in Hub Group by 20.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 145 shares during the last quarter. Cardinal Capital Management increased its holdings in Hub Group by 1.1% in the 4th quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock worth $1,489,000 after buying an additional 177 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Hub Group by 3.0% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 7,292 shares of the transportation company’s stock worth $573,000 after purchasing an additional 213 shares during the last quarter. HighTower Advisors LLC grew its position in Hub Group by 0.5% in the 3rd quarter. HighTower Advisors LLC now owns 48,023 shares of the transportation company’s stock worth $3,769,000 after purchasing an additional 245 shares during the period. Finally, Anchor Investment Management LLC purchased a new stake in Hub Group during the fourth quarter valued at $37,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Up 1.2 %

Hub Group stock opened at $43.87 on Friday. Hub Group, Inc. has a 1 year low of $31.73 and a 1 year high of $47.58. The firm’s 50 day moving average price is $41.60 and its 200-day moving average price is $41.78. 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 cap of $2.76 billion, a P/E ratio of 20.89 and a beta of 0.90.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.94 EPS. Hub Group’s revenue for the quarter was down 16.7% compared to the same quarter last year. On average, equities analysts predict that Hub Group, Inc. will post 2.02 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders 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 1.14%. The ex-dividend date was Thursday, March 7th. Hub Group’s payout ratio is 23.81%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HUBG shares. BMO Capital Markets dropped their price objective on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. StockNews.com raised shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Susquehanna decreased their target price on Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Morgan Stanley boosted their price target on Hub Group from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Finally, Wells Fargo & Company lifted their price objective on Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $46.54.

About Hub Group

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.