Mairs & Power Inc. Has $8.82 Million Stock Holdings in Hub Group, Inc. $HUBG

Mairs & Power Inc. decreased its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 256,091 shares of the transportation company’s stock after selling 21,008 shares during the period. Mairs & Power Inc. owned about 0.42% of Hub Group worth $8,820,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Amalgamated Bank increased its position in shares of Hub Group by 1.8% during the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock worth $606,000 after purchasing an additional 311 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Hub Group by 33.4% in 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 position in 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 during the last quarter. New York State Common Retirement Fund raised 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 purchasing an additional 397 shares during the last quarter. Finally, California State Teachers Retirement System grew its holdings in shares of Hub Group by 0.8% during the second quarter. California State Teachers Retirement System now owns 56,812 shares of the transportation company’s stock worth $1,899,000 after purchasing an additional 437 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. TD Cowen reaffirmed a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Wolfe Research restated an “outperform” rating and issued a $50.00 price objective on shares of Hub Group in a research report on Thursday, January 8th. Barclays reaffirmed an “overweight” rating and issued a $48.00 price target (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Finally, Stifel Nicolaus set a $27.00 price objective on Hub Group and gave the stock a “sell” rating in a research report on Friday, February 6th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and an average target price of $44.53.

Hub Group Stock Down 0.4%

Hub Group stock opened at $34.15 on Tuesday. 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 company’s 50-day moving average is $43.79 and its 200-day moving average is $39.93. The firm has a market capitalization of $2.09 billion, a PE ratio of 19.74, a P/E/G ratio of 1.08 and a beta of 1.14. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.26.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, March 13th. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Hub Group Company 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.