Royce & Associates LP Acquires 112,665 Shares of Hub Group, Inc. $HUBG

Royce & Associates LP increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 27.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 525,543 shares of the transportation company’s stock after purchasing an additional 112,665 shares during the quarter. Royce & Associates LP owned approximately 0.86% of Hub Group worth $22,393,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Torren Management LLC acquired a new stake in Hub Group in the 4th quarter valued at about $31,000. Quarry LP grew its position in shares of Hub Group by 271.5% during the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after buying an additional 809 shares during the period. Smartleaf Asset Management LLC grew its position in shares of Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares during the period. NewEdge Advisors LLC grew its position in shares of Hub Group by 333.8% during the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after buying an additional 1,145 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its stake in Hub Group by 884.1% during the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,486 shares of the transportation company’s stock worth $51,000 after acquiring an additional 1,335 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $42.77 on Wednesday. The company’s fifty day simple moving average is $39.24 and its 200-day simple moving average is $41.15. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.62 billion, a PE ratio of 24.72, a P/E/G ratio of 1.18 and a beta of 1.26. Hub Group, Inc. has a 12 month low of $32.46 and a 12 month high of $53.26.

Hub Group Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Robert W. Baird set a $29.00 price objective on shares of Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research note on Friday, March 27th. Wells Fargo & Company reaffirmed 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 lifted their price target on shares of Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Finally, Benchmark cut their price target on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.14.

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.