Manatuck Hill Partners LLC Purchases Shares of 30,000 Hub Group, Inc. $HUBG

Manatuck Hill Partners LLC purchased a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 30,000 shares of the transportation company’s stock, valued at approximately $1,278,000.

Other large investors also recently bought and sold shares of the company. Interval Partners LP lifted its holdings in Hub Group by 8.1% in the third quarter. Interval Partners LP now owns 471,766 shares of the transportation company’s stock valued at $16,248,000 after acquiring an additional 35,431 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its holdings in Hub Group by 14.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company’s stock valued at $29,642,000 after acquiring an additional 111,150 shares during the period. Deprince Race & Zollo Inc. lifted its holdings in Hub Group by 3.3% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,029,791 shares of the transportation company’s stock valued at $43,879,000 after acquiring an additional 33,224 shares during the period. SG Americas Securities LLC lifted its holdings in Hub Group by 148.3% in the fourth quarter. SG Americas Securities LLC now owns 75,985 shares of the transportation company’s stock valued at $3,238,000 after acquiring an additional 45,381 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Hub Group by 78,261.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137,917 shares of the transportation company’s stock valued at $5,877,000 after buying an additional 137,741 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Stock Down 3.5%

Shares of HUBG opened at $43.63 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. Hub Group, Inc. has a one year low of $32.46 and a one year high of $53.26. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 25.22, a PEG ratio of 1.29 and a beta of 1.23. The stock has a 50 day moving average price of $41.96 and a 200 day moving average price of $42.04.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, June 5th. Hub Group’s payout ratio is presently 28.90%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Raymond James Financial restated an “outperform” rating and issued a $48.00 price objective on shares of Hub Group in a research report on Wednesday, April 15th. Benchmark cut their price objective on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Wells Fargo & Company restated an “equal weight” rating and issued a $35.00 price objective (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a research report on Friday, March 27th. Finally, Stifel Nicolaus boosted their price objective on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.14.

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.