Hub Group, Inc. $HUBG Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 667,510 shares of the transportation company’s stock after selling 57,760 shares during the period. Fisher Asset Management LLC’s holdings in Hub Group were worth $28,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Jefferies Financial Group Inc. acquired a new position in shares of Hub Group in the fourth quarter worth $695,000. Pinnbrook Capital Management LP acquired a new position in shares of Hub Group in the fourth quarter worth $3,387,000. PNC Financial Services Group Inc. grew its stake in shares of Hub Group by 11.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,440 shares of the transportation company’s stock worth $360,000 after acquiring an additional 846 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Hub Group by 3.1% during the fourth quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock worth $496,000 after purchasing an additional 355 shares in the last quarter. Finally, TD Private Client Wealth LLC grew its stake in shares of Hub Group by 157.9% during the fourth quarter. TD Private Client Wealth LLC now owns 2,110 shares of the transportation company’s stock worth $90,000 after purchasing an additional 1,292 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Raymond James Financial reiterated an “outperform” rating and set a $48.00 target price on shares of Hub Group in a research note on Wednesday, April 15th. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Benchmark lowered their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Stifel Nicolaus boosted their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Thursday, April 2nd. Seven 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 stock currently has a consensus rating of “Hold” and a consensus price target of $43.14.

Hub Group Price Performance

Shares of HUBG opened at $42.77 on Wednesday. Hub Group, Inc. has a 1-year low of $32.46 and a 1-year high of $53.26. The stock has a market cap of $2.62 billion, a PE ratio of 24.72, a price-to-earnings-growth ratio of 1.18 and a beta of 1.26. 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 fifty day moving average price of $39.24 and a 200 day moving average price of $41.15.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 17th. Investors of record on Friday, June 5th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, June 5th. This represents a $0.50 dividend on an annualized basis and a yield of 1.2%. Hub Group’s payout ratio is 28.90%.

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.