16,321 Shares in Hub Group, Inc. $HUBG Bought by Jefferies Financial Group Inc.

by · The Cerbat Gem

Jefferies Financial Group Inc. acquired a new position in Hub Group, Inc. (NASDAQ:HUBG – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,321 shares of the transportation company’s stock, valued at approximately $695,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HUBG. Royal Bank of Canada raised its position in shares of Hub Group by 24.5% in the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock worth $435,000 after buying an additional 2,305 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Hub Group by 4.9% in the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock worth $2,194,000 after buying an additional 2,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hub Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after buying an additional 1,542 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Hub Group by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock worth $5,048,000 after buying an additional 4,844 shares in the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Hub Group by 33.3% in the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock worth $1,456,000 after buying an additional 9,791 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

HUBG has been the topic of a number of recent analyst reports. 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 report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Robert W. Baird set a $29.00 price objective on Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. Benchmark lowered their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, Raymond James Financial restated an “outperform” rating and set a $48.00 price target 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 given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $43.14.

View Our Latest Analysis on Hub Group

Hub Group Trading Down 2.4%

NASDAQ HUBG opened at $41.54 on Friday. The stock’s 50-day simple moving average is $39.74 and its two-hundred day simple moving average is $41.26. Hub Group, Inc. has a twelve month low of $32.46 and a twelve month high of $53.26. 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 company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 24.01, a PEG ratio of 1.21 and a beta of 1.26.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.125 per share. 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 dividend payout ratio (DPR) is 28.90%.

Hub Group Company Profile

(Free Report)

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.

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