Corient Private Wealth LLC Has $250,000 Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Corient Private Wealth LLC trimmed its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 67.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,617 shares of the transportation company’s stock after selling 11,560 shares during the period. Corient Private Wealth LLC’s holdings in Hub Group were worth $250,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its holdings in Hub Group by 286.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 1,142 shares during the last quarter. Blue Trust Inc. raised its position in shares of Hub Group by 24.8% in the fourth quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 450 shares during the period. KBC Group NV lifted its stake in shares of Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in shares of Hub Group during the 3rd quarter worth about $214,000. Finally, Atria Investments Inc bought a new stake in shares of Hub Group during the 4th quarter worth about $216,000. 46.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on HUBG shares. Susquehanna lowered 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. Barclays dropped their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective on the stock. Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Stifel Nicolaus upped their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Eight 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, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.18.

Hub Group Trading Up 0.1 %

Shares of Hub Group stock opened at $37.17 on Tuesday. 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, Inc. has a 12-month low of $36.04 and a 12-month high of $53.21. The company has a market capitalization of $2.29 billion, a price-to-earnings ratio of 21.86 and a beta of 0.93. The firm’s 50-day moving average price is $41.07 and its two-hundred day moving average price is $44.39.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Tuesday, March 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. Hub Group’s dividend payout ratio (DPR) is currently 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.