Amica Mutual Insurance Co. Takes $842,000 Position in Hub Group, Inc. (NASDAQ:HUBG)

Amica Mutual Insurance Co. purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 9,156 shares of the transportation company’s stock, valued at approximately $842,000.

Several other hedge funds have also recently bought and sold shares of HUBG. Anchor Investment Management LLC bought a new stake in shares of Hub Group in the 4th quarter valued at approximately $37,000. Adirondack Trust Co. bought a new stake in Hub Group in the third quarter worth $39,000. Exchange Traded Concepts LLC increased its position in Hub Group by 60.3% during the third quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock worth $62,000 after buying an additional 299 shares during the last quarter. Headlands Technologies LLC bought a new position in Hub Group during the third quarter valued at about $63,000. Finally, Parkside Financial Bank & Trust boosted its stake in shares of Hub Group by 20.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock worth $68,000 after acquiring an additional 145 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

HUBG stock traded up $0.57 during trading on Monday, hitting $40.50. 494,126 shares of the stock traded hands, compared to its average volume of 494,708. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 19.24 and a beta of 0.89. Hub Group, Inc. has a one year low of $31.73 and a one year high of $47.58. The company has a current ratio of 1.28, a quick ratio of 1.29 and a debt-to-equity ratio of 0.14. The company has a 50 day simple moving average of $41.80 and a 200 day simple moving average of $41.62.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a return on equity of 8.48% and a net margin of 3.28%. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. Equities analysts expect that Hub Group, Inc. will post 2.15 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.23%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HUBG shares. JPMorgan Chase & Co. upped their target price on Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Evercore ISI cut their target price on shares of Hub Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Friday. Benchmark reissued a “buy” rating and set a $49.00 price objective on shares of Hub Group in a research report on Friday. Wells Fargo & Company raised their target price on Hub Group from $45.00 to $50.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, Morgan Stanley increased their price objective on Hub Group from $43.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, February 12th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $46.54.

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.