Hub Group, Inc. $HUBG Position Increased by Fifth Third Bancorp

Fifth Third Bancorp boosted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 13,811.7% in the first quarter, Holdings Channel.com reports. The firm owned 54,534 shares of the transportation company’s stock after purchasing an additional 54,142 shares during the period. Fifth Third Bancorp’s holdings in Hub Group were worth $1,965,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of Hub Group by 24.5% in the 1st quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after buying an additional 2,305 shares in the last quarter. AQR Capital Management LLC raised its position in Hub Group by 4.9% during the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock valued at $2,194,000 after acquiring an additional 2,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Hub Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock valued at $1,325,000 after acquiring an additional 1,542 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Hub Group by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after acquiring an additional 4,844 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in Hub Group by 33.3% in the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock worth $1,456,000 after acquiring an additional 9,791 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Down 0.2%

NASDAQ:HUBG opened at $50.83 on Thursday. Hub Group, Inc. has a 12 month low of $32.46 and a 12 month high of $53.26. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 29.38, a P/E/G ratio of 1.45 and a beta of 1.22. The company’s 50 day moving average is $44.41 and its 200-day moving average is $42.72.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were paid a $0.125 dividend. The ex-dividend date was Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a yield of 1.0%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Key Stories Impacting Hub Group

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

• Negative Sentiment: Multiple law firms announced or promoted class action lawsuits against Hub Group, signaling mounting litigation risk and keeping attention on the company’s accounting problems. HUBG Lawsuit Notice: Hub Group Financial Restatements and 18% Stock Drop Trigger Securities Fraud Class Action by BFA Law
• Negative Sentiment: The lawsuits allege Hub Group’s financial statements were erroneous or materially misstated, which suggests possible accounting weakness and can undermine investor confidence. Hub Group, Inc. Securities Fraud Class Action Result of Erroneous Financial Statements and approximately 31% Stock Decline – Investors may Contact Lewis Kahn, Esq, at Kahn Swick & Foti, LLC
• Negative Sentiment: The class period spans more than three years, indicating the allegations may be broad and could lead to larger legal exposure if the claims gain traction. INVESTOR ALERT: The Hub Group, Inc. (NASDAQ: HUBG) Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit – HBSS

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on HUBG shares. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 price target (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Stifel Nicolaus increased their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Benchmark cut their target price 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, Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Six 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 company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.31.

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.