Retirement Systems of Alabama Buys 8,594 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Retirement Systems of Alabama boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 8.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 105,844 shares of the transportation company’s stock after acquiring an additional 8,594 shares during the period. Retirement Systems of Alabama’s holdings in Hub Group were worth $4,716,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. State Street Corp increased its stake in shares of Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after purchasing an additional 20,215 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Hub Group by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after purchasing an additional 10,328 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock valued at $35,608,000 after purchasing an additional 97,768 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Hub Group by 3.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock valued at $30,157,000 after purchasing an additional 23,470 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Hub Group by 1.8% in the 3rd quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock valued at $29,092,000 after purchasing an additional 11,615 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays decreased their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Monday. Benchmark boosted their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a research report on Friday, January 3rd. TD Cowen boosted their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hub Group has a consensus rating of “Hold” and an average price target of $48.09.

Hub Group Stock Up 0.7 %

Shares of HUBG opened at $41.75 on Tuesday. The company has a market capitalization of $2.56 billion, a PE ratio of 24.56 and a beta of 0.94. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. The stock’s 50-day moving average price is $45.64 and its two-hundred day moving average price is $45.51. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.17% and a net margin of 2.64%. On average, analysts anticipate that Hub Group, Inc. will post 2.38 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.20%. The ex-dividend date was Friday, December 6th. Hub Group’s dividend payout ratio is 29.41%.

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.