River Road Asset Management LLC Boosts Stake in Hub Group, Inc. $HUBG

River Road Asset Management LLC raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.6% during the 4th quarter, Holdings Channel reports. The fund owned 1,320,784 shares of the transportation company’s stock after purchasing an additional 81,764 shares during the period. River Road Asset Management LLC’s holdings in Hub Group were worth $56,279,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Hub Group by 265.9% during the 4th 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 bought a new stake in Hub Group during the fourth quarter valued at about $31,000. Quarry LP grew its stake in Hub Group by 271.5% in the third quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock valued at $38,000 after purchasing an additional 809 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Hub Group by 333.8% in the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,145 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Up 1.7%

Shares of HUBG stock opened at $44.35 on Friday. Hub Group, Inc. has a 1-year low of $32.46 and a 1-year high of $53.26. The stock’s fifty day moving average price is $42.11 and its 200 day moving average price is $42.08. 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 company has a market cap of $2.71 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.23.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, June 5th. Hub Group’s dividend payout ratio (DPR) is currently 28.90%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Raymond James Financial reissued an “outperform” rating and set a $48.00 price target on shares of Hub Group in a research report on Wednesday, April 15th. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $35.00 price objective (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Benchmark decreased their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. 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. According to MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus target price of $43.14.

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.