State of New Jersey Common Pension Fund D Has $2.05 Million Stake in Hub Group, Inc. (NASDAQ:HUBG)

State of New Jersey Common Pension Fund D lifted its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 4.6% during the 3rd quarter, Holdings Channel reports. The fund owned 45,122 shares of the transportation company’s stock after acquiring an additional 1,996 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Hub Group were worth $2,051,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares in the last quarter. Select Equity Group L.P. raised its position in Hub Group by 19.4% in the 2nd 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 during the last quarter. Edgestream Partners L.P. acquired a new position in Hub Group during the 1st quarter worth $5,843,000. Point72 Asset Management L.P. bought a new position in Hub Group in the 2nd quarter valued at $4,680,000. Finally, 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 buying an additional 97,768 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBG has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on 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 upped their target price on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Susquehanna reduced their price target on Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Friday, November 1st. TD Cowen upped their price objective on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Barclays raised their target price on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $46.83.

Hub Group Stock Down 0.4 %

Shares of HUBG stock opened at $49.66 on Friday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 28.22 and a beta of 0.89. The firm has a fifty day moving average of $44.90 and a 200-day moving average of $44.02. Hub Group, Inc. has a 12-month low of $36.88 and a 12-month high of $50.83.

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

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.01%. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

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.