Franklin Resources Inc. Sells 395 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Franklin Resources Inc. reduced its stake in Hub Group, Inc. (NASDAQ:HUBG) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,753 shares of the transportation company’s stock after selling 395 shares during the period. Franklin Resources Inc. owned about 0.08% of Hub Group worth $2,172,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HUBG. State Street Corp increased its stake in shares of Hub Group by 0.8% in the third quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock worth $113,148,000 after buying an additional 20,215 shares during the period. Geode Capital Management LLC grew its holdings in Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock worth $67,383,000 after acquiring an additional 10,328 shares during the last quarter. Norges Bank purchased a new position in shares of Hub Group in the fourth quarter valued at about $41,487,000. William Blair Investment Management LLC raised its stake in shares of Hub Group by 2.5% during the fourth quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock valued at $37,250,000 after acquiring an additional 20,259 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares during the period. Institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the subject of a number of recent analyst reports. Barclays lowered their price target on Hub Group from $50.00 to $45.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Susquehanna dropped their price target on Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Benchmark lifted their target price on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus boosted their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $46.73.

Hub Group Price Performance

HUBG stock opened at $33.24 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 19.55 and a beta of 1.04. The firm has a 50 day moving average price of $38.71 and a 200-day moving average price of $43.54. Hub Group, Inc. has a 52-week low of $31.41 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Equities research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.50%. Hub Group’s dividend payout ratio is currently 29.41%.

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.