Hub Group, Inc. $HUBG Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 2.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 756,618 shares of the transportation company’s stock after purchasing an additional 19,224 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Hub Group were worth $32,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HUBG. Millennium Management LLC boosted its holdings in Hub Group by 138.4% in the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after purchasing an additional 661,018 shares in the last quarter. Capital International Investors boosted its holdings in Hub Group by 16.9% in the 4th quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after purchasing an additional 501,955 shares in the last quarter. Hudson Bay Capital Management LP boosted its holdings in Hub Group by 3,557.4% in the 2nd quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock valued at $16,908,000 after purchasing an additional 491,958 shares in the last quarter. Two Sigma Investments LP boosted its holdings in Hub Group by 969.5% in the 3rd quarter. Two Sigma Investments LP now owns 436,144 shares of the transportation company’s stock valued at $15,021,000 after purchasing an additional 395,362 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its holdings in Hub Group by 149.7% in the 2nd quarter. Qube Research & Technologies Ltd now owns 560,265 shares of the transportation company’s stock valued at $18,730,000 after purchasing an additional 335,871 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Stifel Nicolaus lifted their price objective 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 raised Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Robert W. Baird set a $29.00 price objective on Hub Group and gave the company a “neutral” rating in a report on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.14.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $37.35 on Friday. The business’s 50 day simple moving average is $38.84 and its 200-day simple moving average is $40.89. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 21.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26. 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, Inc. has a 12 month low of $32.46 and a 12 month high of $53.26.

Hub Group Announces Dividend

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

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.