SG Americas Securities LLC Buys 45,381 Shares of Hub Group, Inc. $HUBG

Key Points

• SG Americas Securities LLC increased its stake in Hub Group by 148.3% in Q4, purchasing 45,381 shares to hold 75,985 shares worth $3.238 million, representing about 0.12% of the company.
• Hub Group (NASDAQ:HUBG) has a market cap of $2.23 billion, a 12‑month trading range of $30.75–$53.26 (opened at $36.50), and a PE ratio of 21.10 with 50‑ and 200‑day moving averages near $40.65 and $39.74.
• The company pays a quarterly dividend of $0.125 ($0.50 annualized, yield 1.4%, payout ratio 28.9%), and analysts have a consensus rating of Hold with a $43.33 average price target (7 Buy, 8 Hold, 2 Sell).

SG Americas Securities LLC lifted its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 148.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,985 shares of the transportation company's stock after acquiring an additional 45,381 shares during the quarter. SG Americas Securities LLC owned 0.12% of Hub Group worth $3,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HUBG. CIBC Private Wealth Group LLC lifted its position in Hub Group by 111.8% during the third quarter. CIBC Private Wealth Group LLC now owns 3,755 shares of the transportation company's stock valued at $129,000 after purchasing an additional 1,982 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Hub Group in the 3rd quarter worth approximately $219,000. Caitong International Asset Management Co. Ltd grew its position in Hub Group by 884.1% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,486 shares of the transportation company's stock worth $51,000 after purchasing an additional 1,335 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in Hub Group by 12.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 162,569 shares of the transportation company's stock valued at $5,599,000 after buying an additional 17,746 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Hub Group by 2.8% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 53,215 shares of the transportation company's stock valued at $1,838,000 after buying an additional 1,457 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

NASDAQ HUBG opened at $36.50 on Friday. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.23 billion, a PE ratio of 21.10, a P/E/G ratio of 1.15 and a beta of 1.16. The stock's 50 day moving average is $40.65 and its 200 day moving average is $39.74.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Friday, March 13th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, March 13th. Hub Group's dividend payout ratio is 28.90%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HUBG. Zacks Research cut Hub Group from a "hold" rating to a "strong sell" rating in a research report on Friday, March 13th. Barclays reiterated an "overweight" rating and issued a $48.00 price objective (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Wolfe Research restated an "outperform" rating and set a $50.00 target price on shares of Hub Group in a research report on Thursday, January 8th. Stifel Nicolaus upped their target price on shares of Hub Group from $27.00 to $29.00 and gave the company a "sell" rating in a report on Thursday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Hub Group from $42.00 to $50.00 and gave the stock a "neutral" rating in a research note on Monday, January 12th. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $43.33.

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.

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