Northwestern Mutual Wealth Management Co. Has $5.88 Million Stock Position in Hub Group, Inc. $HUBG

Northwestern Mutual Wealth Management Co. raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 78,261.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,917 shares of the transportation company’s stock after acquiring an additional 137,741 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Hub Group were worth $5,877,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in Hub Group by 4.1% in the 3rd quarter. Invesco Ltd. now owns 1,958,934 shares of the transportation company’s stock valued at $67,466,000 after acquiring an additional 77,963 shares in the last quarter. Millennium Management LLC increased its position in Hub Group by 138.4% in the 3rd quarter. Millennium Management LLC now owns 1,138,461 shares of the transportation company’s stock valued at $39,209,000 after acquiring an additional 661,018 shares in the last quarter. Deprince Race & Zollo Inc. increased its position in Hub Group by 3.3% in the 4th 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 in the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in Hub Group by 14.8% in the 3rd 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 in the last quarter. Finally, UBS Group AG increased its position in Hub Group by 5.1% in the 3rd quarter. UBS Group AG now owns 804,847 shares of the transportation company’s stock valued at $27,719,000 after acquiring an additional 39,215 shares in the last quarter. Institutional investors and hedge funds own 46.77% of the company’s stock.

More Hub Group News

Here are the key news stories impacting Hub Group this week:

• Positive Sentiment: Hub Group declared a quarterly cash dividend of $0.125 per share, payable on June 17 to shareholders of record on June 5. That supports the stock by signaling continued shareholder returns and financial stability. Hub Group Declares Quarterly Dividend
• Neutral Sentiment: The company also received an expected Nasdaq deficiency notice for failing to timely file its Form 10-Q for the quarter ended March 31, but this was already anticipated by management. Hub Group Receives Expected Deficiency Notice from Nasdaq Related to Delayed Filing of Quarterly Report on Form 10-Q
• Negative Sentiment: Multiple law firms launched or continued investigations into Hub Group over possible federal securities-law violations, citing alleged misstatements and issues tied to the delayed Q4 release and other disclosures. That legal overhang can pressure the stock by raising the risk of litigation, distraction, and potential financial penalties. Securities Fraud Investigation Into Hub Group, Inc. Continues
• Negative Sentiment: Additional investor alerts from Lowey Dannenberg, Frank R. Cruz, Howard G. Smith, BFA Law, Kirby McInerney, Pomerantz, and Levi & Korsinsky reinforce the same concern: Hub Group is facing mounting scrutiny over possible accounting or disclosure problems. Lowey Dannenberg investigation of Hub Group

Wall Street Analysts Forecast Growth

HUBG has been the subject of several research reports. 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. Stifel Nicolaus raised their price objective on shares of Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Thursday, April 2nd. 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 lowered their price objective on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, May 14th. Finally, Robert W. Baird set a $29.00 price objective on shares of Hub Group and gave the company a “neutral” rating in a research report on Friday, February 6th. Seven equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.14.

Hub Group Stock Up 1.9%

Shares of NASDAQ HUBG opened at $41.46 on Friday. The firm has a market capitalization of $2.54 billion, a PE ratio of 23.97, a price-to-earnings-growth ratio of 1.18 and a beta of 1.26. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group, Inc. has a 1 year low of $32.46 and a 1 year high of $53.26. The firm’s 50-day moving average is $38.94 and its 200-day moving average is $41.02.

Hub Group Announces Dividend

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

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.