Victory Capital Management Inc. Sells 111,620 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Victory Capital Management Inc. cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,067,183 shares of the transportation company’s stock after selling 111,620 shares during the period. Victory Capital Management Inc. owned approximately 5.00% of Hub Group worth $136,674,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. raised its position in shares of Hub Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock worth $30,081,000 after acquiring an additional 11,548 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Hub Group by 286.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock worth $68,000 after acquiring an additional 1,142 shares in the last quarter. Illumine Investment Management LLC bought a new position in shares of Hub Group in the 4th quarter worth about $629,000. VELA Investment Management LLC raised its position in shares of Hub Group by 2.5% in the 4th quarter. VELA Investment Management LLC now owns 250,561 shares of the transportation company’s stock worth $11,165,000 after acquiring an additional 6,101 shares in the last quarter. Finally, Versor Investments LP bought a new position in shares of Hub Group in the 4th quarter worth about $334,000. 46.77% of the stock is owned by institutional investors.

Hub Group Price Performance

Shares of NASDAQ HUBG opened at $39.19 on Thursday. Hub Group, Inc. has a twelve month low of $38.07 and a twelve month high of $53.21. The stock’s 50 day moving average price is $43.52 and its 200-day moving average price is $45.25. The company has a market capitalization of $2.40 billion, a PE ratio of 23.05 and a beta of 0.94. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.10.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HUBG shares. Stifel Nicolaus raised their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Benchmark raised their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target for the company in a research note on Friday, January 3rd. Finally, Barclays cut their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research note on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

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.