Manatuck Hill Partners LLC Buys Shares of 30,000 Hub Group, Inc. $HUBG

Manatuck Hill Partners LLC purchased a new position in Hub Group, Inc. (NASDAQ:HUBG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 30,000 shares of the transportation company’s stock, valued at approximately $1,278,000.

Several other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund boosted its holdings in Hub Group by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock worth $591,000 after acquiring an additional 200 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after acquiring an additional 321 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Hub Group by 0.4% in the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after acquiring an additional 329 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Hub Group by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock worth $496,000 after acquiring an additional 355 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in Hub Group by 2.1% in the second quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock worth $646,000 after acquiring an additional 397 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HUBG shares. Wells Fargo & Company reissued an “equal weight” rating and issued a $35.00 price target (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Stifel Nicolaus raised their price target on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. Raymond James Financial reissued an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a report on Wednesday, April 15th. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Benchmark lowered their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, May 14th. 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.14.

Hub Group Trading Down 3.5%

Hub Group stock opened at $43.63 on Thursday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group, Inc. has a 52 week low of $32.46 and a 52 week high of $53.26. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.22, a price-to-earnings-growth ratio of 1.29 and a beta of 1.23. The stock has a 50-day moving average price of $41.96 and a 200 day moving average price of $42.04.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a yield of 1.1%. 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.