Moody National Bank Trust Division Acquires New Shares in Hub Group, Inc. (NASDAQ:HUBG)

Moody National Bank Trust Division bought a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,823 shares of the transportation company’s stock, valued at approximately $393,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBG. GAMMA Investing LLC grew its holdings in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock worth $32,000 after purchasing an additional 280 shares during the period. Point72 Hong Kong Ltd acquired a new position in Hub Group in the second quarter valued at about $34,000. SG Americas Securities LLC purchased a new position in Hub Group during the third quarter worth about $106,000. CWM LLC increased its position in shares of Hub Group by 24.8% during the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock valued at $130,000 after acquiring an additional 567 shares during the last quarter. Finally, nVerses Capital LLC acquired a new stake in shares of Hub Group during the third quarter valued at about $182,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $44.92 on Wednesday. Hub Group, Inc. has a 12 month low of $38.07 and a 12 month high of $53.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $2.76 billion, a PE ratio of 25.52 and a beta of 0.94. The business’s fifty day moving average price is $47.87 and its 200 day moving average price is $45.41.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business posted $0.49 EPS. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, sell-side analysts anticipate 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 Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Friday, December 6th. Hub Group’s dividend payout ratio is currently 28.41%.

Analyst Ratings Changes

A number of research firms recently weighed in on HUBG. Evercore ISI increased their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. TD Cowen boosted 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. Barclays raised their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.58.

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.