Hub Group, Inc. $HUBG Shares Sold by Capital International Investors

Key Points

• Capital International Investors trimmed its stake by 9.2%, selling 300,000 shares and now owns about 2.96 million shares (≈4.84% of Hub Group) valued at roughly $102.1 million.
• Analysts are divided but the consensus is a "Hold" with an average price target of $44.53; recent target increases include JPMorgan to $50 and Wells Fargo to $55.
• Hub Group announced a quarterly dividend of $0.125 ($0.50 annualized, 1.3% yield) with an ex-dividend date of March 13 and payment on March 25.

Capital International Investors trimmed its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 9.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,963,733 shares of the transportation company's stock after selling 300,000 shares during the period. Capital International Investors owned approximately 4.84% of Hub Group worth $102,071,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC purchased a new position in Hub Group during the 3rd quarter worth $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company's stock valued at $44,000 after acquiring an additional 321 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Hub Group by 333.8% during the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company's stock worth $50,000 after acquiring an additional 1,145 shares during the period. Covestor Ltd increased its stake in shares of Hub Group by 22.4% during the third quarter. Covestor Ltd now owns 2,686 shares of the transportation company's stock worth $93,000 after acquiring an additional 491 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in Hub Group by 42.3% during the third quarter. Nisa Investment Advisors LLC now owns 2,789 shares of the transportation company's stock worth $96,000 after purchasing an additional 829 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HUBG shares. JPMorgan Chase & Co. lifted their price objective on Hub Group from $42.00 to $50.00 and gave the company a "neutral" rating in a report on Monday, January 12th. Wells Fargo & Company reissued an "overweight" rating and set a $55.00 target price (up from $47.00) on shares of Hub Group in a research note on Friday, February 6th. Weiss Ratings reissued a "hold (c)" rating on shares of Hub Group in a report on Monday, December 29th. Robert W. Baird set a $29.00 price target on Hub Group and gave the company a "neutral" rating in a research note on Friday, February 6th. Finally, TD Cowen reaffirmed a "hold" rating on shares of Hub Group in a report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $44.53.

Hub Group Stock Down 2.9%

HUBG opened at $37.09 on Thursday. The business's fifty day moving average is $44.31 and its two-hundred day moving average is $39.96. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The company has a market cap of $2.27 billion, a price-to-earnings ratio of 21.44, a PEG ratio of 1.20 and a beta of 1.14. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.26.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, March 13th. Hub Group's dividend payout ratio is presently 28.90%.

Hub Group 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.

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