Caxton Associates LLP Takes $2.16 Million Position in Hub Group, Inc. $HUBG

Caxton Associates LLP acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the first quarter, Holdings Channel.com reports. The fund acquired 59,820 shares of the transportation company’s stock, valued at approximately $2,156,000.

A number of other hedge funds have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. increased its position in Hub Group by 265.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares during the last quarter. Torren Management LLC acquired a new position in Hub Group in the 4th quarter valued at about $31,000. Quarry LP grew its stake in shares of Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after buying an additional 809 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after buying an additional 321 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in shares of Hub Group by 333.8% during the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after buying an additional 1,145 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Up 0.1%

NASDAQ:HUBG opened at $49.28 on Friday. Hub Group, Inc. has a 52 week low of $32.46 and a 52 week high of $53.26. The company has a fifty day simple moving average of $44.88 and a two-hundred day simple moving average of $42.81. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 28.49, a price-to-earnings-growth ratio of 1.40 and a beta of 1.22.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Friday, June 5th. Hub Group’s payout ratio is presently 28.90%.

Analyst Ratings Changes

Several analysts have recently commented on HUBG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Benchmark lowered their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Stifel Nicolaus lifted their target price on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a research note on Wednesday, April 15th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average target price of $43.31.

Hub Group News Summary

Here are the key news stories impacting Hub Group this week:

• Negative Sentiment: Multiple law firms announced or promoted securities fraud class actions against Hub Group, alleging inaccurate financial statements, internal control failures, and misleading disclosures that could increase litigation risk. Article Title
• Negative Sentiment: ClaimsFiler and other firms highlighted lead-plaintiff deadlines, signaling that the lawsuit process is moving forward and keeping investor attention focused on potential financial exposure. Article Title
• Neutral Sentiment: Short-interest data showed no reported short interest as of July 24, providing little evidence of a new bearish trading build-up. Article Title

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.