Pinnbrook Capital Management LP bought a new stake in Hub Group, Inc. (NASDAQ:HUBG – Free Report) during the 4th quarter, Holdings Channel reports. The institutional investor bought 79,491 shares of the transportation company’s stock, valued at approximately $3,387,000.
Several other large investors have also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund increased its holdings in Hub Group by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock valued at $591,000 after buying an additional 200 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Hub Group by 1.8% during the third quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock worth $606,000 after purchasing an additional 311 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Hub Group by 0.4% during the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after purchasing an additional 329 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Hub Group by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock worth $496,000 after purchasing an additional 355 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.
Analyst Ratings Changes
HUBG has been the topic of several research reports. Benchmark dropped their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Robert W. Baird set a $29.00 price objective on Hub Group and gave the stock a “neutral” rating in a report on Friday, February 6th. Stifel Nicolaus raised their price objective on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $35.00 price objective (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and a consensus target price of $43.14.
Hub Group Price Performance
Shares of HUBG opened at $40.68 on Friday. Hub Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $53.26. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. The firm has a 50-day simple moving average of $38.85 and a 200-day simple moving average of $41.02. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47.
Hub Group Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.125 per share. The ex-dividend date is Friday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Hub Group’s dividend payout ratio is 28.90%.
Hub Group Company Profile
Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.
The company operates through two primary segments: Intermodal and Transportation Management.
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