Hub Group, Inc. (HUBG) to Issue Quarterly Dividend of $0.13 on March 25th

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Friday, March 13th will be paid a dividend of 0.125 per share by the transportation company on Wednesday, March 25th. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, March 13th.

Hub Group has a payout ratio of 20.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.

Hub Group Stock Performance

NASDAQ:HUBG opened at $38.20 on Wednesday. The company’s 50-day moving average price is $44.42 and its 200-day moving average price is $39.98. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a twelve month low of $30.75 and a twelve month high of $53.26. The company has a market cap of $2.34 billion, a P/E ratio of 22.08, a P/E/G ratio of 1.23 and a beta of 1.14.

Insider Buying and Selling

In other Hub Group news, CEO Phillip D. Yeager sold 32,000 shares of Hub Group stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total value of $1,397,760.00. Following the transaction, the chief executive officer directly owned 168,315 shares in the company, valued at approximately $7,351,999.20. This trade represents a 15.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Yablon bought 4,566 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was bought at an average cost of $43.73 per share, for a total transaction of $199,671.18. Following the acquisition, the director owned 32,778 shares of the company’s stock, valued at approximately $1,433,381.94. This trade represents a 16.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.48% of the stock is currently owned by company insiders.

Institutional Trading of Hub Group

Several hedge funds and other institutional investors have recently made changes to their positions in HUBG. Northwestern Mutual Wealth Management Co. lifted its position in Hub Group by 265.9% in the fourth 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 period. Torren Management LLC acquired a new position in shares of Hub Group during the 4th quarter valued at about $31,000. Frazier Financial Advisors LLC purchased a new position in shares of Hub Group during the 3rd quarter worth about $35,000. Quarry LP boosted its position in shares of Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after acquiring an additional 809 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in 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. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.