Capital International Investors Increases Holdings in Hub Group, Inc. $HUBG

Capital International Investors grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 16.9% in the 4th quarter, HoldingsChannel reports. The firm owned 3,465,688 shares of the transportation company’s stock after acquiring an additional 501,955 shares during the quarter. Capital International Investors owned 0.06% of Hub Group worth $147,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in HUBG. Northwestern Mutual Wealth Management Co. increased its position in shares of Hub Group by 265.9% during 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 during the 4th quarter valued at $31,000. Quarry LP increased its position in shares of 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 last quarter. Smartleaf Asset Management LLC increased its position in shares of 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 last quarter. Finally, NewEdge Advisors LLC increased its holdings in Hub Group by 333.8% in the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after acquiring an additional 1,145 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Up 3.9%

Shares of HUBG opened at $44.61 on Tuesday. The business has a 50-day moving average of $40.71 and a 200 day moving average of $41.64. Hub Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $53.26. The firm has a market cap of $2.73 billion, a P/E ratio of 25.79, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, June 5th. Hub Group’s payout ratio is presently 28.90%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th. Benchmark decreased their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, May 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Stifel Nicolaus lifted 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. Finally, Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.14.

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.