Fisher Asset Management LLC Decreases Stock Holdings in Hub Group, Inc. $HUBG

Fisher Asset Management LLC cut its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 8.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 667,510 shares of the transportation company’s stock after selling 57,760 shares during the period. Fisher Asset Management LLC owned 1.09% of Hub Group worth $28,443,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HUBG. Millennium Management LLC lifted its holdings in Hub Group by 138.4% in the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after acquiring an additional 661,018 shares during the last quarter. Hudson Bay Capital Management LP lifted its holdings in Hub Group by 3,557.4% in the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock valued at $16,908,000 after acquiring an additional 491,958 shares during the last quarter. Two Sigma Investments LP lifted its holdings in Hub Group by 969.5% in the third quarter. Two Sigma Investments LP now owns 436,144 shares of the transportation company’s stock valued at $15,021,000 after acquiring an additional 395,362 shares during the last quarter. Qube Research & Technologies Ltd lifted its holdings in Hub Group by 149.7% in the second quarter. Qube Research & Technologies Ltd now owns 560,265 shares of the transportation company’s stock valued at $18,730,000 after acquiring an additional 335,871 shares during the last quarter. Finally, Davidson Kempner Capital Management LP acquired a new position in Hub Group in the third quarter valued at approximately $6,888,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on HUBG. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 price objective (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Raymond James Financial reiterated an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a report on Friday, March 27th. Benchmark decreased their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Finally, Stifel Nicolaus boosted their target price on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $43.14.

Hub Group Stock Up 3.2%

Shares of NASDAQ HUBG opened at $42.77 on Wednesday. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 24.72, a PEG ratio of 1.18 and a beta of 1.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group, Inc. has a 52-week low of $32.46 and a 52-week high of $53.26. The business’s 50 day moving average is $39.24 and its two-hundred day moving average is $41.15.

Hub Group Announces Dividend

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

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.