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

Stephens Investment Management Group LLC boosted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 331,319 shares of the transportation company’s stock after purchasing an additional 20,231 shares during the period. Stephens Investment Management Group LLC owned about 0.54% of Hub Group worth $14,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Torren Management LLC bought a new position in Hub Group in the fourth quarter worth approximately $31,000. Frazier Financial Advisors LLC bought a new stake in shares of Hub Group during the 3rd quarter valued at $35,000. Quarry LP increased 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 worth $38,000 after purchasing an additional 809 shares in the last quarter. Smartleaf Asset Management LLC increased 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 worth $44,000 after purchasing an additional 321 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Hub Group by 333.8% in the 2nd 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 during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUBG. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 price target (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Stifel Nicolaus raised their price target on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a report on Thursday, April 2nd. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $48.00 target price on shares of Hub Group in a research report on Wednesday, April 15th. Seven equities 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 stock. According to MarketBeat, Hub Group presently has an average rating of “Hold” and an average target price of $43.14.

Hub Group Stock Performance

HUBG opened at $37.35 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.07 and a beta of 1.26. The company has a fifty day moving average of $38.84 and a 200 day moving average of $40.92. Hub Group, Inc. has a fifty-two week low of $32.46 and a fifty-two week high of $53.26.

Hub Group Announces Dividend

The company also recently announced 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 of this dividend was Friday, March 13th. Hub Group’s payout ratio is 28.90%.

Hub Group 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.