Allianz Asset Management GmbH Lowers Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Allianz Asset Management GmbH lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBGFree Report) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,497 shares of the transportation company’s stock after selling 5,160 shares during the period. Allianz Asset Management GmbH owned 0.07% of Hub Group worth $3,999,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of 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 in the last quarter. Cardinal Capital Management grew its position in Hub Group by 1.1% during the fourth 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. HighTower Advisors LLC increased its stake 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 acquiring an additional 245 shares during the last quarter. Anchor Investment Management LLC bought a new position in Hub Group in the 4th quarter worth about $37,000. Finally, Russell Investments Group Ltd. raised its holdings in shares of Hub Group by 3.3% in the 4th quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock valued at $1,396,000 after acquiring an additional 492 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. StockNews.com upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Stephens decreased their price target on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. BMO Capital Markets dropped 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 report on Friday, April 26th. Benchmark reiterated a “buy” rating and issued a $49.00 target price on shares of Hub Group in a research report on Friday, April 26th. Finally, Evercore ISI lowered their price target on Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $46.54.

View Our Latest Research Report on HUBG

Hub Group Trading Down 0.6 %

NASDAQ HUBG opened at $43.49 on Friday. The firm has a market cap of $2.71 billion, a PE ratio of 20.71 and a beta of 0.90. Hub Group, Inc. has a 1-year low of $31.73 and a 1-year high of $47.58. The stock has a 50-day moving average of $42.05 and a 200-day moving average of $42.76. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBGGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The business’s quarterly revenue was down 16.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that Hub Group, Inc. will post 2.02 EPS for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Friday, June 7th will be given a dividend of $0.125 per share. The ex-dividend date is Friday, June 7th. This represents a $0.50 annualized dividend and a yield of 1.15%. Hub Group’s payout ratio is currently 23.81%.

Hub Group Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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