Jefferies Financial Group Inc. Takes $695,000 Position in Hub Group, Inc. $HUBG

Jefferies Financial Group Inc. purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 16,321 shares of the transportation company’s stock, valued at approximately $695,000.

A number of other hedge funds also recently bought and sold shares of HUBG. Torren Management LLC purchased a new position in Hub Group during the 4th quarter valued at about $31,000. Quarry LP increased its holdings in Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the period. Smartleaf Asset Management LLC increased its holdings in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the period. NewEdge Advisors LLC increased its holdings in Hub Group by 333.8% during the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,145 shares during the period. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Hub Group by 884.1% during 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 purchasing an additional 1,335 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HUBG shares. Stifel Nicolaus boosted their price target on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Benchmark reduced their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a research report on Wednesday, April 15th. 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 research report on Thursday, March 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.14.

Hub Group Stock Down 2.4%

Shares of NASDAQ:HUBG opened at $41.54 on Friday. The stock has a fifty day simple moving average of $39.74 and a two-hundred day simple moving average of $41.26. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.21 and a beta of 1.26. Hub Group, Inc. has a 12-month low of $32.46 and a 12-month high of $53.26. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders 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 dividend on an annualized basis and a yield of 1.2%. Hub Group’s payout ratio is presently 28.90%.

Hub Group 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.