River Road Asset Management LLC Increases Position in Hub Group, Inc. $HUBG

River Road Asset Management LLC grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,320,784 shares of the transportation company’s stock after buying an additional 81,764 shares during the quarter. River Road Asset Management LLC owned 2.16% of Hub Group worth $56,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUBG. Northwestern Mutual Wealth Management Co. grew its position in Hub Group by 265.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 468 shares during the last quarter. Torren Management LLC bought a new stake in shares of Hub Group during the fourth quarter worth $31,000. Quarry LP boosted its stake in shares of Hub Group by 271.5% during 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 period. Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 33.4% in the second 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd increased its stake in Hub Group by 884.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,486 shares of the transportation company’s stock worth $51,000 after buying an additional 1,335 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Hub Group Stock Performance

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 business has a 50-day moving average price of $42.11 and a 200 day moving average price of $42.08. The company has a market capitalization of $2.71 billion, a P/E ratio of 25.64, a PEG ratio of 1.24 and a beta of 1.23. 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 Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HUBG shares. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $35.00 target price (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price target on shares of Hub Group in a research note on Wednesday, April 15th. Finally, Stifel Nicolaus increased their price objective on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.