Hub Group, Inc. (NASDAQ:HUBG – Get Free Report)’s stock price was down 5.6% during trading on Tuesday . The stock traded as low as $33.26 and last traded at $33.30. 99,478 shares traded hands during trading, a decline of 89% from the average daily volume of 912,834 shares. The stock had previously closed at $35.26.
Analyst Upgrades and Downgrades
HUBG has been the topic of a number of recent research reports. Wells Fargo & Company set a $35.00 price target on shares of Hub Group in a report on Monday. UBS Group restated a “neutral” rating on shares of Hub Group in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.31.
Read Our Latest Report on Hub Group
Hub Group Trading Down 1.0%
Hub Group Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, September 21st. Hub Group’s dividend payout ratio is currently 28.90%.
Hedge Funds Weigh In On Hub Group
Hedge funds have recently bought and sold shares of the company. Capital International Investors raised its holdings in shares of Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after purchasing an additional 501,955 shares during the period. Wellington Management Group LLP boosted its position in shares of Hub Group by 7.1% during the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after purchasing an additional 491,130 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Hub Group in the 1st quarter valued at about $8,069,000. Renaissance Technologies LLC grew its stake in shares of Hub Group by 2,065.9% in the 1st quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock valued at $5,286,000 after buying an additional 139,900 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Hub Group by 78,261.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137,917 shares of the transportation company’s stock valued at $5,877,000 after buying an additional 137,741 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.
About Hub Group
Hub Group, Inc is a North American transportation and logistics company that provides supply chain solutions to manufacturers, retailers, distributors and other businesses. Its services are designed to help customers move freight efficiently across multiple modes of transportation and manage related logistics activities.
The company’s primary offerings include intermodal transportation, which combines rail and truck services; truck brokerage; dedicated and managed transportation; and final-mile and other logistics services.
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