Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Buys Shares of 14,000 Hub Group, Inc. $HUBG

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the 4th quarter, Holdings Channel reports. The firm bought 14,000 shares of the transportation company’s stock, valued at approximately $597,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in Hub Group by 265.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 468 shares during the last quarter. Torren Management LLC purchased a new stake in shares of Hub Group in the 4th quarter valued at approximately $31,000. Quarry LP raised its stake in shares of Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 809 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 321 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of Hub Group by 884.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,486 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 1,335 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBG has been the topic of a number of research analyst reports. Benchmark reduced their price target on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a research note on Wednesday, April 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research note on Friday, March 27th. Stifel Nicolaus boosted their price target on shares of Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Finally, Zacks Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.14.

Hub Group Price Performance

Hub Group stock opened at $42.93 on Friday. Hub Group, Inc. has a 1 year low of $32.46 and a 1 year high of $53.26. The company’s 50 day simple moving average is $40.54 and its 200-day simple moving average is $41.54. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of 24.82, a price-to-earnings-growth ratio of 1.22 and a beta of 1.23. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th. Hub Group’s dividend payout ratio is presently 28.90%.

About Hub Group

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.