Cornercap Investment Counsel Inc. Acquires Shares of 10,959 Hub Group, Inc. (NASDAQ:HUBG)

Cornercap Investment Counsel Inc. bought a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 10,959 shares of the transportation company’s stock, valued at approximately $488,000.

Several other institutional investors and hedge funds have also modified their holdings of HUBG. Nomura Asset Management Co. Ltd. grew its stake in Hub Group by 48.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 950 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 310 shares in the last quarter. Smartleaf Asset Management LLC raised its position in 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 in the last quarter. Blue Trust Inc. increased its stake in shares of Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock worth $103,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV increased its position in Hub Group by 35.3% during the fourth quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after buying an additional 670 shares during the last quarter. Finally, iSAM Funds UK Ltd acquired a new stake in Hub Group in the 3rd quarter worth approximately $214,000. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Down 2.4 %

HUBG opened at $37.13 on Friday. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 21.84 and a beta of 0.93. 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 firm’s 50-day simple moving average is $41.22 and its 200-day simple moving average is $44.44. Hub Group, Inc. has a twelve month low of $36.04 and a twelve month high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. Equities research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.35%. Hub Group’s payout ratio is 29.41%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Benchmark raised their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Stifel Nicolaus increased their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna dropped their price objective on shares of Hub Group from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Wednesday. Finally, Barclays decreased their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.18.

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.