Hudson Bay Capital Management LP Sells 365,318 Shares of Hub Group, Inc. $HUBG

Hudson Bay Capital Management LP decreased its position in Hub Group, Inc. (NASDAQ:HUBG) by 72.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 140,469 shares of the transportation company’s stock after selling 365,318 shares during the quarter. Hudson Bay Capital Management LP owned 0.23% of Hub Group worth $4,838,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Amalgamated Bank raised its position in Hub Group by 1.8% in the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock valued at $606,000 after buying an additional 311 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after acquiring an additional 321 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of Hub Group by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after acquiring an additional 329 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of Hub Group by 2.1% in the second quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after purchasing an additional 397 shares during the last quarter. Finally, California State Teachers Retirement System raised its holdings in shares of Hub Group by 0.8% in the second quarter. California State Teachers Retirement System now owns 56,812 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 437 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Trading Up 0.9%

NASDAQ HUBG opened at $34.83 on Friday. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.26. 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 stock has a 50 day moving average of $42.88 and a 200-day moving average of $39.81. The company has a market cap of $2.13 billion, a PE ratio of 20.13, a PEG ratio of 1.08 and a beta of 1.14.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, March 13th. Hub Group’s dividend payout ratio is presently 28.90%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HUBG shares. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the stock a “neutral” rating in a report on Friday, February 6th. Morgan Stanley set a $46.00 price target on shares of Hub Group and gave the company an “equal weight” rating in a research note on Monday, December 8th. Benchmark boosted their price target on shares of Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Evercore set a $53.00 price objective on shares of Hub Group and gave the stock an “outperform” rating in a research note on Monday, January 12th. Finally, JPMorgan Chase & Co. raised their price objective on Hub Group from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Eight equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Hub Group has an average rating of “Hold” and an average target price of $44.53.

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.