Stephens Investment Management Group LLC Raises Stock Holdings in Hub Group, Inc. $HUBG

Stephens Investment Management Group LLC grew its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.5% in the fourth quarter, Holdings Channel reports. The fund owned 331,319 shares of the transportation company’s stock after buying an additional 20,231 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Hub Group were worth $14,118,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada raised its stake in Hub Group by 24.5% during the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 2,305 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of Hub Group by 4.9% in the 1st quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock worth $2,194,000 after buying an additional 2,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Hub Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after buying an additional 1,542 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hub Group by 3.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after buying an additional 4,844 shares in the last quarter. Finally, Intech Investment Management LLC lifted its holdings in shares of Hub Group by 33.3% in the 1st quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock valued at $1,456,000 after acquiring an additional 9,791 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Performance

Hub Group stock opened at $37.35 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $2.28 billion, a P/E ratio of 21.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26. Hub Group, Inc. has a 1-year low of $32.46 and a 1-year high of $53.26. The company’s 50-day moving average is $38.84 and its 200 day moving average is $40.92.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, March 13th. Hub Group’s dividend payout ratio is presently 28.90%.

Wall Street Analysts Forecast Growth

HUBG has been the subject of several recent research reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a research note on Wednesday, April 15th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 target price (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Stifel Nicolaus boosted 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, Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Seven 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 stock presently has an average rating of “Hold” and an average target price of $43.14.

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.