Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Cardinal Capital Management

Cardinal Capital Management lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 4.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 48,580 shares of the transportation company’s stock after buying an additional 2,206 shares during the quarter. Cardinal Capital Management’s holdings in Hub Group were worth $1,806,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HUBG. Farther Finance Advisors LLC lifted its holdings in Hub Group by 440.3% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company’s stock worth $32,000 after acquiring an additional 700 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Hub Group by 48.4% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 310 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 1,142 shares during the period. Sterling Capital Management LLC grew its position in Hub Group by 803.3% in the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company’s stock worth $84,000 after buying an additional 1,679 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in Hub Group in the fourth quarter worth approximately $138,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $33.40 on Tuesday. The firm’s 50-day moving average is $33.48 and its 200-day moving average is $39.41. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market cap of $2.05 billion, a price-to-earnings ratio of 19.65 and a beta of 1.15.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $915.22 million for the quarter, compared to analysts’ expectations of $973.86 million. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. The firm’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Equities research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 23rd will be paid a dividend of $0.125 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.50%. Hub Group’s dividend payout ratio is 29.41%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. TD Cowen decreased their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Friday, May 9th. Susquehanna decreased their target price on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating for the company in a research note on Wednesday, March 26th. Benchmark reduced their price objective on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a research note on Friday, May 9th. Barclays reduced their price objective on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $43.68.

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.