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 boosted its position in Hub Group, Inc. (NASDAQ:HUBG) by 13.0% in the 4th quarter, HoldingsChannel reports. The firm owned 11,960 shares of the transportation company’s stock after purchasing an additional 1,375 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management’s holdings in Hub Group were worth $533,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBG. State Street Corp grew its position in shares of Hub Group by 0.8% in the third 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 period. Geode Capital Management LLC increased its stake in shares of Hub Group by 0.7% during 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 acquiring an additional 10,328 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Hub Group by 14.3% during the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after acquiring an additional 97,768 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Hub Group by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company’s stock worth $30,157,000 after acquiring an additional 23,470 shares during the last quarter. Finally, Royce & Associates LP increased its position in Hub Group by 1.8% during the third quarter. Royce & Associates LP now owns 640,093 shares of the transportation company’s stock worth $29,092,000 after purchasing an additional 11,615 shares during the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Cowen boosted their price objective on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Stifel Nicolaus raised their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Benchmark boosted their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Evercore ISI raised their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. Finally, Susquehanna raised 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 report on Friday, January 3rd. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $48.42.

Hub Group Stock Down 0.9 %

Shares of Hub Group stock opened at $45.01 on Thursday. Hub Group, Inc. has a 1-year low of $38.07 and a 1-year high of $53.21. The company has a market capitalization of $2.76 billion, a PE ratio of 25.57 and a beta of 0.94. 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 business has a 50-day moving average of $46.97 and a 200-day moving average of $45.61.

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

Hub Group Dividend Announcement

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