Rockefeller Capital Management L.P. Buys 35,204 Shares of Hub Group, Inc. $HUBG

Rockefeller Capital Management L.P. raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 121.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,261 shares of the transportation company’s stock after acquiring an additional 35,204 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Hub Group were worth $2,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HUBG. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hub Group by 265.9% during 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 last quarter. Torren Management LLC bought a new position in Hub Group in the 4th quarter worth approximately $31,000. Quarry LP raised its position in Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after purchasing an additional 809 shares during the last quarter. Smartleaf Asset Management LLC lifted 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 worth $44,000 after buying an additional 321 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted 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 worth $51,000 after buying an additional 1,335 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Analyst Ratings Changes

HUBG has been the subject of several research reports. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Benchmark cut their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a report on Wednesday. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $35.00 price objective (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. 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, Hub Group presently has an average rating of “Hold” and a consensus target price of $43.14.

Hub Group Price Performance

HUBG opened at $43.75 on Monday. The company has a fifty day moving average price of $42.66 and a two-hundred day moving average price of $42.22. 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, Inc. has a 52 week low of $32.46 and a 52 week high of $53.26. The firm has a market capitalization of $2.68 billion, a PE ratio of 25.29, a P/E/G ratio of 1.25 and a beta of 1.23.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 5th. Hub Group’s dividend payout ratio (DPR) is currently 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.