Capital International Investors Purchases 501,955 Shares of Hub Group, Inc. $HUBG

Capital International Investors increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 16.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,465,688 shares of the transportation company’s stock after purchasing an additional 501,955 shares during the period. Capital International Investors owned approximately 5.67% of Hub Group worth $147,673,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Hub Group by 265.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 644 shares of the transportation company’s stock worth $27,000 after purchasing an additional 468 shares in the last quarter. Torren Management LLC bought a new position in shares of Hub Group in the 4th quarter worth $31,000. Quarry LP lifted its holdings in shares of Hub Group by 271.5% in the 3rd quarter. Quarry LP now owns 1,107 shares of the transportation company’s stock worth $38,000 after purchasing an additional 809 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Hub Group by 33.4% in the 2nd 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 in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in shares of Hub Group by 333.8% in the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock worth $50,000 after purchasing an additional 1,145 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Benchmark dropped their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, May 14th. Raymond James Financial restated an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a research note on Wednesday, April 15th. Stifel Nicolaus raised their price objective on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a research note on Friday, March 27th. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $43.14.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $44.61 on Tuesday. Hub Group, Inc. has a 1-year low of $32.46 and a 1-year high of $53.26. The stock has a market cap of $2.73 billion, a PE ratio of 25.79, a price-to-earnings-growth ratio of 1.22 and a beta of 1.23. The stock’s fifty day simple moving average is $40.71 and its two-hundred day simple moving average is $41.64. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Friday, June 5th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Hub Group’s dividend payout ratio (DPR) is currently 28.90%.

About Hub Group

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.