Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna Invests $597,000 in Hub Group, Inc. $HUBG

Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna bought a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,000 shares of the transportation company’s stock, valued at approximately $597,000.

A number of other institutional investors and hedge funds have also modified their holdings of HUBG. Millennium Management LLC increased its stake in shares of Hub Group by 138.4% during the third quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock worth $39,209,000 after purchasing an additional 661,018 shares in the last quarter. Capital International Investors increased its stake in shares of Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after purchasing an additional 501,955 shares in the last quarter. Hudson Bay Capital Management LP increased its stake in shares of Hub Group by 3,557.4% during the second quarter. Hudson Bay Capital Management LP now owns 505,787 shares of the transportation company’s stock worth $16,908,000 after purchasing an additional 491,958 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Hub Group by 969.5% during the third quarter. Two Sigma Investments LP now owns 436,144 shares of the transportation company’s stock worth $15,021,000 after purchasing an additional 395,362 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its stake in shares of Hub Group by 149.7% during the second quarter. Qube Research & Technologies Ltd now owns 560,265 shares of the transportation company’s stock worth $18,730,000 after purchasing an additional 335,871 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $42.93 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 1.22 and a beta of 1.23. The company’s 50-day moving average is $40.54 and its two-hundred day moving average is $41.54. 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 announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.2%. The ex-dividend date is Friday, June 5th. Hub Group’s payout ratio is presently 28.90%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HUBG. Raymond James Financial restated an “outperform” rating and set a $48.00 price target on shares of Hub Group in a research report on Wednesday, April 15th. Stifel Nicolaus boosted their price target 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. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Benchmark lowered their price target on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. Finally, 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 report on Thursday, March 26th. Seven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price 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.