CIBC Asset Management Inc Purchases Shares of 3,308 Hub Group, Inc. (NASDAQ:HUBG)

CIBC Asset Management Inc acquired a new position in shares of Hub Group, Inc. (NASDAQ:HUBGFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,308 shares of the transportation company’s stock, valued at approximately $304,000.

Several other large investors have also modified their holdings of the stock. TFO Wealth Partners LLC boosted its position in shares of Hub Group by 56,400.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,825 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 2,820 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Hub Group by 5.6% in the fourth quarter. Hsbc Holdings PLC now owns 13,696 shares of the transportation company’s stock worth $1,264,000 after buying an additional 725 shares during the period. Quest Partners LLC purchased a new position in shares of Hub Group in the fourth quarter worth approximately $201,000. Trexquant Investment LP lifted its position in shares of Hub Group by 336.9% in the 4th quarter. Trexquant Investment LP now owns 16,122 shares of the transportation company’s stock valued at $1,482,000 after acquiring an additional 12,432 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Hub Group in the 4th quarter valued at approximately $31,439,000. 46.77% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on HUBG. Evercore ISI cut their target price on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Friday, April 26th. Susquehanna reduced their price objective on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. StockNews.com raised Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. BMO Capital Markets lowered 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 research report on Friday, April 26th. Finally, Morgan Stanley raised their price target on Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. 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 data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $46.54.

Check Out Our Latest Analysis on HUBG

Hub Group Trading Up 0.7 %

Shares of HUBG opened at $43.33 on Tuesday. The firm has a market capitalization of $2.70 billion, a PE ratio of 20.58 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 0.14. Hub Group, Inc. has a 12-month low of $31.73 and a 12-month high of $47.58. The stock’s fifty day simple moving average is $42.08 and its 200-day simple moving average is $42.91.

Hub Group (NASDAQ:HUBGGet Free Report) 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 business had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. Hub Group’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the company posted $0.94 EPS. As a group, research analysts predict that Hub Group, Inc. will post 2.02 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, June 7th. Hub Group’s dividend payout ratio (DPR) is 23.75%.

Hub Group Company 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.

See Also

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

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