Hub Group, Inc. (NASDAQ:HUBG) Shares Acquired by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its position in Hub Group, Inc. (NASDAQ:HUBG) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,960 shares of the transportation company’s stock after acquiring an additional 1,375 shares during the quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Hub Group were worth $533,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its position in shares of Hub Group by 0.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after acquiring an additional 260 shares in the last quarter. GAMMA Investing LLC raised its position in Hub Group by 65.0% in the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. Highland Capital Management LLC boosted its stake in Hub Group by 9.4% during the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after purchasing an additional 437 shares during the period. CWM LLC grew its position in Hub Group by 24.8% during the 3rd quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock worth $130,000 after purchasing an additional 567 shares during the last quarter. Finally, Franklin Resources Inc. increased its stake in Hub Group by 1.2% in the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock valued at $2,167,000 after purchasing an additional 595 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 0.9 %

HUBG opened at $45.01 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The company has a market cap of $2.76 billion, a price-to-earnings ratio of 25.57 and a beta of 0.94. Hub Group, Inc. has a one year low of $38.07 and a one year high of $53.21. The business’s fifty day moving average is $46.97 and its two-hundred day moving average is $45.61.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the firm earned $0.49 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Analysts anticipate that Hub Group, Inc. will post 1.91 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 1.11%. Hub Group’s dividend payout ratio is presently 28.41%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Barclays raised their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. 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. Stifel Nicolaus lifted their price objective on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Benchmark upped their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, TD Cowen lifted their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.42.

About Hub Group

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.