Blair William & Co. IL trimmed its position in shares of Hub Group, Inc. (NASDAQ:HUBG – Free Report) by 3.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,723 shares of the transportation company’s stock after selling 547 shares during the period. Blair William & Co. IL’s holdings in Hub Group were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its holdings in Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company’s stock valued at $32,000 after buying an additional 700 shares in the last quarter. GAMMA Investing LLC raised its holdings in Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after buying an additional 850 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Hub Group by 139,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock valued at $52,000 after buying an additional 1,395 shares in the last quarter. TD Private Client Wealth LLC raised its holdings in Hub Group by 89.9% during the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company’s stock valued at $67,000 after buying an additional 850 shares in the last quarter. Finally, Quarry LP raised its holdings in Hub Group by 4,500.0% during the first quarter. Quarry LP now owns 1,932 shares of the transportation company’s stock valued at $72,000 after buying an additional 1,890 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.
Hub Group Stock Down 0.4%
Shares of HUBG opened at $36.51 on Friday. The company has a market capitalization of $2.24 billion, a P/E ratio of 22.13, a PEG ratio of 1.26 and a beta of 1.12. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.21. The business’s 50 day simple moving average is $35.83 and its 200-day simple moving average is $34.61.
Hub Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Hub Group’s payout ratio is 30.30%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on HUBG shares. Susquehanna dropped their price objective on Hub Group from $47.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, September 24th. Evercore ISI set a $37.00 price objective on Hub Group and gave the stock an “in-line” rating in a research note on Tuesday, September 30th. Raymond James Financial set a $40.00 price objective on Hub Group and gave the stock an “outperform” rating in a research note on Tuesday. Baird R W upgraded Hub Group to a “strong-buy” rating in a research note on Tuesday, July 1st. Finally, Weiss Ratings upgraded Hub Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Hub Group has a consensus rating of “Moderate Buy” and a consensus price target of $39.64.
Hub Group Profile
Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.
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