Rockefeller Capital Management L.P. Has $2.74 Million Holdings in Hub Group, Inc. $HUBG

Rockefeller Capital Management L.P. increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 121.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,261 shares of the transportation company’s stock after purchasing an additional 35,204 shares during the period. Rockefeller Capital Management L.P. owned about 0.11% of Hub Group worth $2,738,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Corient Private Wealth LLC boosted its stake in Hub Group by 9.6% during the fourth quarter. Corient Private Wealth LLC now owns 7,666 shares of the transportation company’s stock worth $328,000 after buying an additional 673 shares in the last quarter. MidFirst Bank bought a new position in shares of Hub Group during the 4th quarter worth about $153,000. River Road Asset Management LLC boosted its position in shares of Hub Group by 6.6% during the 4th quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock valued at $56,279,000 after acquiring an additional 81,764 shares in the last quarter. Invesco Ltd. boosted its position in shares of Hub Group by 8.1% during the 4th quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock valued at $90,253,000 after acquiring an additional 159,174 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new stake in Hub Group in the fourth quarter valued at about $249,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Performance

NASDAQ HUBG opened at $43.75 on Monday. Hub Group, Inc. has a 1-year low of $32.46 and a 1-year high of $53.26. The company has a 50 day moving average of $42.66 and a 200-day moving average of $42.22. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.68 billion, a price-to-earnings ratio of 25.29, a PEG ratio of 1.25 and a beta of 1.23.

Hub Group Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts recently issued reports on HUBG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research report on Wednesday. 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 research note on Thursday, March 26th. Stifel Nicolaus increased their target price on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Thursday, April 2nd. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, Benchmark decreased their price target 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. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.