Deutsche Bank AG Has $2.96 Million Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Deutsche Bank AG boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 36.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,318 shares of the transportation company’s stock after purchasing an additional 17,865 shares during the quarter. Deutsche Bank AG owned about 0.11% of Hub Group worth $2,955,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HUBG. Nomura Asset Management Co. Ltd. grew its holdings in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock worth $42,000 after purchasing an additional 310 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after buying an additional 1,142 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock valued at $84,000 after buying an additional 1,679 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Hub Group by 24.8% during the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after buying an additional 450 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock valued at $114,000 after buying an additional 670 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on HUBG. Benchmark reduced their price objective on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft began coverage on shares of Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price objective for the company. Barclays reduced their price objective on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, May 12th. Susquehanna cut their price target on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday, March 26th. Finally, TD Cowen cut their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Friday, May 9th. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and a consensus price target of $43.68.

Hub Group Stock Performance

Shares of HUBG stock opened at $33.92 on Thursday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 19.95 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The firm’s 50-day simple moving average is $34.40 and its two-hundred day simple moving average is $41.55.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. The business had revenue of $915.22 million for the quarter, compared to analyst estimates of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. As a group, equities analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.47%. The ex-dividend date was Tuesday, March 18th. Hub Group’s dividend payout ratio is 29.41%.

Hub Group 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.