Leuthold Group LLC Acquires New Shares in Hub Group, Inc. $HUBG

Leuthold Group LLC acquired a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 74,238 shares of the transportation company’s stock, valued at approximately $3,163,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invesco Ltd. boosted its position in Hub Group by 4.1% during the 3rd quarter. Invesco Ltd. now owns 1,958,934 shares of the transportation company’s stock valued at $67,466,000 after purchasing an additional 77,963 shares during the period. Millennium Management LLC boosted its position in Hub Group by 138.4% during the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after purchasing an additional 661,018 shares during the period. Deprince Race & Zollo Inc. boosted its position in Hub Group by 3.3% during the 4th quarter. Deprince Race & Zollo Inc. now owns 1,029,791 shares of the transportation company’s stock valued at $43,879,000 after purchasing an additional 33,224 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its position in Hub Group by 14.8% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company’s stock valued at $29,642,000 after purchasing an additional 111,150 shares during the period. Finally, UBS Group AG boosted its position in Hub Group by 5.1% during the 3rd quarter. UBS Group AG now owns 804,847 shares of the transportation company’s stock valued at $27,719,000 after purchasing an additional 39,215 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $37.35 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $2.28 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.26. The stock has a fifty day moving average of $38.84 and a two-hundred day moving average of $40.92. Hub Group, Inc. has a 1 year low of $32.46 and a 1 year high of $53.26.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th were issued a $0.125 dividend. The ex-dividend date was Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Hub Group’s dividend payout ratio is 28.90%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HUBG. Robert W. Baird set a $29.00 price objective on Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus boosted their price target on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Benchmark reduced their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company reiterated an “equal weight” rating and set a $35.00 price target (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Seven research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.14.

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.