Hub Group, Inc. $HUBG Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 105.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,756 shares of the transportation company’s stock after buying an additional 27,105 shares during the period. Federated Hermes Inc.’s holdings in Hub Group were worth $1,817,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBG. Cambiar Investors LLC boosted its stake in shares of Hub Group by 14.1% during the 3rd quarter. Cambiar Investors LLC now owns 44,815 shares of the transportation company’s stock worth $1,543,000 after acquiring an additional 5,545 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in Hub Group by 32.9% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,396 shares of the transportation company’s stock worth $289,000 after purchasing an additional 2,078 shares during the period. CIBC Asset Management Inc purchased a new position in Hub Group during the third quarter worth approximately $200,000. Frazier Financial Advisors LLC purchased a new position in Hub Group during the third quarter worth approximately $35,000. Finally, Y Intercept Hong Kong Ltd grew its holdings in Hub Group by 12.6% in the third quarter. Y Intercept Hong Kong Ltd now owns 73,078 shares of the transportation company’s stock valued at $2,517,000 after purchasing an additional 8,163 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HUBG. Robert W. Baird set a $47.00 price target on shares of Hub Group in a research note on Tuesday, January 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research report on Monday, December 29th. Benchmark boosted their target price on shares of Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 23rd. Wells Fargo & Company started coverage on shares of Hub Group in a research note on Friday, December 5th. They issued an “overweight” rating and a $47.00 price target on the stock. Finally, Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $46.20.

Insider Buying and Selling

In related news, Director Gary Yablon acquired 4,566 shares of the business’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average price of $43.73 per share, with a total value of $199,671.18. Following the completion of the transaction, the director owned 32,778 shares of the company’s stock, valued at $1,433,381.94. The trade was a 16.18% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Phillip D. Yeager sold 32,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the completion of the sale, the chief executive officer directly owned 168,315 shares in the company, valued at $7,351,999.20. This represents a 15.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.48% of the company’s stock.

Hub Group Trading Up 3.9%

Shares of Hub Group stock opened at $52.53 on Thursday. The stock has a 50 day moving average of $44.64 and a 200 day moving average of $38.86. 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 firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 30.36, a PEG ratio of 1.44 and a beta of 1.13. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $52.53.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.0%. Hub Group’s dividend payout ratio (DPR) is presently 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.