Arizona State Retirement System Sells 430 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Arizona State Retirement System trimmed its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,420 shares of the transportation company’s stock after selling 430 shares during the period. Arizona State Retirement System’s holdings in Hub Group were worth $648,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Swiss National Bank lifted its position in Hub Group by 0.4% during the fourth quarter. Swiss National Bank now owns 121,100 shares of the transportation company’s stock valued at $5,396,000 after purchasing an additional 500 shares during the period. Cibc World Markets Corp purchased a new position in shares of Hub Group in the 4th quarter worth $250,000. Teacher Retirement System of Texas lifted its holdings in Hub Group by 5.5% during the 4th quarter. Teacher Retirement System of Texas now owns 19,972 shares of the transportation company’s stock valued at $890,000 after buying an additional 1,045 shares in the last quarter. Sei Investments Co. lifted its holdings in Hub Group by 10.9% during the 4th quarter. Sei Investments Co. now owns 47,755 shares of the transportation company’s stock valued at $2,128,000 after buying an additional 4,701 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Hub Group during the 4th quarter valued at about $1,279,000. 46.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HUBG. Susquehanna reissued a “positive” rating and issued a $46.00 price target (up previously from $45.00) on shares of Hub Group in a report on Tuesday, June 24th. Barclays decreased their target price on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, May 12th. Benchmark reduced their price target on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a research report on Friday, May 9th. TD Cowen reduced their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Hub Group from $39.00 to $36.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 8th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.01.

Hub Group Price Performance

Hub Group stock opened at $33.95 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The stock has a market capitalization of $2.08 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. The stock has a fifty day moving average of $34.29 and a 200-day moving average of $37.25.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. Hub Group’s revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 earnings per share. On average, sell-side analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a dividend of $0.125 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.47%. Hub Group’s payout ratio 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.