Fisher Asset Management LLC Sells 885,191 Shares of Hub Group, Inc. $HUBG

Fisher Asset Management LLC cut its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 55.0% in the third quarter, Holdings Channel.com reports. The firm owned 725,270 shares of the transportation company’s stock after selling 885,191 shares during the quarter. Fisher Asset Management LLC’s holdings in Hub Group were worth $24,978,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Hudson Bay Capital Management LP lifted its stake in Hub Group by 3,557.4% in 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 during the last quarter. River Road Asset Management LLC lifted its stake in shares of Hub Group by 79.2% during the 2nd quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after acquiring an additional 487,703 shares during the last quarter. Qube Research & Technologies Ltd lifted its stake in shares of Hub Group by 149.7% during the 2nd quarter. Qube Research & Technologies Ltd now owns 560,265 shares of the transportation company’s stock worth $18,730,000 after acquiring an additional 335,871 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Hub Group by 44.8% during the 3rd quarter. Deprince Race & Zollo Inc. now owns 996,567 shares of the transportation company’s stock valued at $34,322,000 after acquiring an additional 308,379 shares during the period. Finally, Cubist Systematic Strategies LLC bought a new position in Hub Group in the 2nd quarter valued at $4,435,000. 46.77% of the stock is currently owned by institutional investors.

Hub Group Stock Performance

Shares of HUBG stock opened at $43.26 on Wednesday. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 1.35 and a beta of 1.14. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.26. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The company’s 50 day moving average is $44.79 and its 200 day moving average is $39.83.

Hub Group Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Hub Group’s payout ratio is presently 28.90%.

Analyst Ratings Changes

Several analysts have recently weighed in on HUBG shares. Stifel Nicolaus set a $27.00 target price on Hub Group and gave the stock a “sell” rating in a research report on Friday, February 6th. Benchmark lifted their price objective on shares of Hub Group from $40.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 23rd. TD Cowen restated a “hold” rating on shares of Hub Group in a research note on Monday, January 12th. Morgan Stanley set a $46.00 target price on shares of Hub Group and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a report on Monday, December 29th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $44.53.

Insiders Place Their Bets

In related news, Director Gary Yablon acquired 4,566 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was purchased at an average cost of $43.73 per share, for a total transaction of $199,671.18. Following the purchase, the director directly owned 32,778 shares of the company’s stock, valued at $1,433,381.94. This trade represents a 16.18% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Phillip D. Yeager sold 32,000 shares of Hub Group stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the completion of the transaction, the chief executive officer owned 168,315 shares in the company, valued at $7,351,999.20. This trade represents a 15.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 3.48% of the company’s stock.

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.