Wealth Enhancement Advisory Services LLC Buys Shares of 4,626 Hub Group, Inc. (NASDAQ:HUBG)

Wealth Enhancement Advisory Services LLC bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,626 shares of the transportation company’s stock, valued at approximately $206,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Capital International Investors acquired a new position in shares of Hub Group during the fourth quarter worth approximately $95,105,000. Norges Bank bought a new position in Hub Group in the 4th quarter valued at $41,487,000. Balyasny Asset Management L.P. grew its stake in shares of Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock worth $51,133,000 after acquiring an additional 499,621 shares during the period. River Road Asset Management LLC bought a new position in shares of Hub Group during the 4th quarter worth $17,458,000. Finally, Segall Bryant & Hamill LLC boosted its stake in Hub Group by 60.6% in the 4th quarter. Segall Bryant & Hamill LLC now owns 589,141 shares of the transportation company’s stock worth $26,252,000 after purchasing an additional 222,405 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Benchmark lowered their price target on Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a report on Friday, May 9th. TD Cowen decreased their price target on Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Hub Group in a research report on Friday, March 7th. They set a “hold” rating and a $41.00 price target on the stock. Susquehanna lowered their price objective 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. Finally, Barclays decreased their price target on Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Six 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 has an average rating of “Hold” and an average target price of $43.68.

Hub Group Stock Up 1.5%

Shares of NASDAQ HUBG opened at $33.40 on Tuesday. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The stock has a market capitalization of $2.05 billion, a PE ratio of 19.65 and a beta of 1.15. The stock’s fifty day simple moving average is $33.48 and its two-hundred day simple moving average is $39.41. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21.

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

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 23rd will be paid a $0.125 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.50%. Hub Group’s dividend payout ratio (DPR) is 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.