Louisiana State Employees Retirement System Takes Position in Hub Group, Inc. $HUBG

Louisiana State Employees Retirement System purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 26,900 shares of the transportation company’s stock, valued at approximately $969,000.

Other large investors have also recently bought and sold shares of the company. Oregon Public Employees Retirement Fund increased its stake in Hub Group by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock valued at $591,000 after purchasing an additional 200 shares during the period. Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after buying an additional 321 shares during the last quarter. Baird Financial Group Inc. grew its holdings in shares of Hub Group by 0.4% during the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after buying an additional 329 shares during the last quarter. ProShare Advisors LLC increased its position in Hub Group by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 355 shares during the period. Finally, New York State Common Retirement Fund increased its position in Hub Group by 2.1% in the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after acquiring an additional 397 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a research report on Wednesday, April 15th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $35.00 price target (down from $55.00) on shares of Hub Group in a report on Thursday, March 26th. Stifel Nicolaus lifted their price objective on shares of Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Finally, Benchmark dropped their price objective on shares of 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 investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.14.

Trending Headlines about Hub Group

Here are the key news stories impacting Hub Group this week:

• Negative Sentiment: Multiple law firms announced or promoted class-action lawsuits and lead-plaintiff deadlines tied to alleged accounting misstatements and investor losses, increasing legal and reputational overhang for Hub Group. Article Title
• Negative Sentiment: Hub Group’s admission that prior financial statements may be unreliable, combined with executive ousters, suggests possible governance and accounting issues that could weigh on investor confidence. Article Title
• Negative Sentiment: Additional lawsuits and investor notices from firms including Bronstein, Gewirtz & Grossman, Robbins Geller, Bleichmar Fonti & Auld, Block & Leviton, and others reinforce the view that Hub Group is facing mounting litigation risk. Article Title

Hub Group Stock Performance

HUBG opened at $44.94 on Monday. Hub Group, Inc. has a one year low of $32.46 and a one year high of $53.26. The business’s fifty day moving average is $42.80 and its two-hundred day moving average is $42.28. The company has a market cap of $2.75 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.28 and a beta of 1.22.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders 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 dividend yield of 1.1%. Hub Group’s dividend payout ratio is currently 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.