Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 14.3% in the third quarter, HoldingsChannel.com reports. The firm owned 783,456 shares of the transportation company’s stock after buying an additional 97,768 shares during the quarter. Principal Financial Group Inc.’s holdings in Hub Group were worth $35,608,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in HUBG. Vanguard Group Inc. grew its stake in shares of Hub Group by 99.1% in the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock valued at $297,523,000 after purchasing an additional 3,427,047 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Hub Group by 99.5% in the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after buying an additional 419,873 shares during the period. Select Equity Group L.P. lifted its stake in shares of Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company’s stock worth $79,055,000 after purchasing an additional 298,390 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in Hub Group in the first quarter valued at approximately $5,843,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Hub Group during the second quarter valued at about $4,680,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on HUBG. TD Cowen lifted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Benchmark reaffirmed a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. UBS Group increased their price target on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Susquehanna reduced their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Friday, November 1st. Ten investment 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 has an average rating of “Hold” and an average price target of $46.00.

Hub Group Stock Up 3.3 %

Shares of Hub Group stock opened at $49.96 on Tuesday. The business has a 50-day moving average of $44.55 and a two-hundred day moving average of $43.81. Hub Group, Inc. has a 1 year low of $35.28 and a 1 year high of $50.20. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.32. The company has a market capitalization of $3.07 billion, a P/E ratio of 28.39 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 earnings per share. As a group, equities analysts predict that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.00%. Hub Group’s payout ratio is 28.41%.

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.