Illinois Municipal Retirement Fund Raises Position in Hub Group, Inc. (NASDAQ:HUBG)

Illinois Municipal Retirement Fund raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 105.0% during the first quarter, HoldingsChannel reports. The firm owned 35,192 shares of the transportation company’s stock after buying an additional 18,023 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Hub Group were worth $1,521,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cardinal Capital Management increased its holdings in Hub Group by 1.1% during the 4th quarter. Cardinal Capital Management now owns 16,193 shares of the transportation company’s stock worth $1,489,000 after purchasing an additional 177 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 334 shares in the last quarter. Silicon Valley Capital Partners boosted its holdings in Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after buying an additional 342 shares during the last quarter. Anchor Investment Management LLC acquired a new stake in Hub Group in the 4th quarter worth about $37,000. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Hub Group by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock worth $1,396,000 after purchasing an additional 492 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HUBG shares. Evercore ISI reissued an “in-line” rating and issued a $44.00 target price on shares of Hub Group in a report on Tuesday, June 25th. Stephens dropped their target price on Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Susquehanna dropped their target price on Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. BMO Capital Markets dropped their target price on Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a report on Friday, April 26th. Finally, Benchmark reissued a “buy” rating and issued a $49.00 target price on shares of Hub Group in a report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.29.

Hub Group Stock Performance

NASDAQ HUBG opened at $44.47 on Monday. Hub Group, Inc. has a 52-week low of $31.73 and a 52-week high of $47.58. The firm has a market capitalization of $2.77 billion, a price-to-earnings ratio of 21.13 and a beta of 0.90. The company’s fifty day moving average is $43.00 and its two-hundred day moving average is $43.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The company’s revenue was down 16.7% on a year-over-year basis. Equities research analysts forecast that Hub Group, Inc. will post 2.03 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend was Friday, June 7th. Hub Group’s dividend payout ratio is 23.75%.

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.