Pinnbrook Capital Management LP Buys Shares of 79,491 Hub Group, Inc. $HUBG

Pinnbrook Capital Management LP bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 79,491 shares of the transportation company’s stock, valued at approximately $3,387,000. Pinnbrook Capital Management LP owned 0.13% of Hub Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HUBG. Royal Bank of Canada raised its position in Hub Group by 24.5% in the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after purchasing an additional 2,305 shares during the period. AQR Capital Management LLC raised its position in Hub Group by 4.9% in the first quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock valued at $2,194,000 after purchasing an additional 2,761 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Hub Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock valued at $1,325,000 after purchasing an additional 1,542 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Hub Group by 3.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock valued at $5,048,000 after purchasing an additional 4,844 shares during the period. Finally, Intech Investment Management LLC raised its position in Hub Group by 33.3% in the first quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock valued at $1,456,000 after purchasing an additional 9,791 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analysts Set New Price Targets

HUBG has been the topic of a number of research analyst reports. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Stifel Nicolaus upped their price objective on Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Robert W. Baird set a $29.00 price objective on Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. Raymond James Financial reaffirmed an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a research report on Wednesday, April 15th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and set a $35.00 price objective (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Seven equities 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 company. According to data from MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus target price of $43.14.

Hub Group Stock Down 0.2%

Hub Group stock opened at $40.68 on Friday. Hub Group, Inc. has a twelve month low of $32.46 and a twelve month high of $53.26. The stock’s fifty day simple moving average is $38.85 and its 200-day simple moving average is $41.02. 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 firm has a market capitalization of $2.49 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.16 and a beta of 1.26.

Hub Group Dividend Announcement

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

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.