VELA Investment Management LLC Decreases Stake in Hub Group, Inc. $HUBG

VELA Investment Management LLC lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 12.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 259,419 shares of the transportation company’s stock after selling 38,363 shares during the quarter. Hub Group makes up 2.5% of VELA Investment Management LLC’s holdings, making the stock its 5th biggest holding. VELA Investment Management LLC’s holdings in Hub Group were worth $11,360,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. increased its stake 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 during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Hub Group by 88.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 205,885 shares of the transportation company’s stock worth $7,420,000 after buying an additional 96,489 shares during the period. Louisiana State Employees Retirement System bought a new position in shares of Hub Group in the 1st quarter worth about $969,000. Renaissance Technologies LLC increased its holdings in Hub Group by 2,065.9% in the first quarter. Renaissance Technologies LLC now owns 146,672 shares of the transportation company’s stock worth $5,286,000 after purchasing an additional 139,900 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in shares of Hub Group by 6.6% in the 4th quarter. River Road Asset Management LLC now owns 1,320,784 shares of the transportation company’s stock valued at $56,279,000 after acquiring an additional 81,764 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

NASDAQ:HUBG opened at $36.68 on Monday. Hub Group, Inc. has a 1 year low of $32.90 and a 1 year high of $53.26. The business has a fifty day simple moving average of $44.27 and a two-hundred day simple moving average of $41.94. The company has a market capitalization of $2.24 billion, a P/E ratio of 21.20, a P/E/G ratio of 1.05 and a beta of 1.19.

Analysts Set New Price Targets

A number of analysts recently commented on HUBG shares. Benchmark decreased their target price 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Wednesday, June 24th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and an average price target of $43.31.

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.