Royce & Associates LP Has $22.39 Million Stake in Hub Group, Inc. $HUBG

Royce & Associates LP increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 27.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 525,543 shares of the transportation company’s stock after buying an additional 112,665 shares during the period. Royce & Associates LP’s holdings in Hub Group were worth $22,393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in Hub Group by 4.1% during the third quarter. Invesco Ltd. now owns 1,958,934 shares of the transportation company’s stock worth $67,466,000 after buying an additional 77,963 shares during the last quarter. Millennium Management LLC increased its holdings in Hub Group by 138.4% during the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock worth $39,209,000 after buying an additional 661,018 shares during the last quarter. Deprince Race & Zollo Inc. increased its holdings in Hub Group by 3.3% during the fourth quarter. Deprince Race & Zollo Inc. now owns 1,029,791 shares of the transportation company’s stock worth $43,879,000 after buying an additional 33,224 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its holdings in Hub Group by 14.8% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company’s stock worth $29,642,000 after buying an additional 111,150 shares during the last quarter. Finally, UBS Group AG increased its holdings in Hub Group by 5.1% during the third quarter. UBS Group AG now owns 804,847 shares of the transportation company’s stock worth $27,719,000 after buying an additional 39,215 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on HUBG. Benchmark lowered their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Finally, Stifel Nicolaus boosted their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $43.14.

Hub Group Price Performance

NASDAQ:HUBG opened at $42.77 on Wednesday. Hub Group, Inc. has a one year low of $32.46 and a one year high of $53.26. The company has a market cap of $2.62 billion, a P/E ratio of 24.72, a P/E/G ratio of 1.18 and a beta of 1.26. The firm’s fifty day moving average price is $39.24 and its two-hundred day moving average price is $41.15. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 5th. Hub Group’s payout ratio is currently 28.90%.

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.