Louisiana State Employees Retirement System Buys New Position in Hub Group, Inc. $HUBG

Louisiana State Employees Retirement System bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,900 shares of the transportation company’s stock, valued at approximately $969,000.

Other hedge funds also recently modified their holdings of the company. Royal Bank of Canada lifted its stake in shares of Hub Group by 24.5% during the first quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock valued at $435,000 after buying an additional 2,305 shares during the period. AQR Capital Management LLC lifted its stake in shares of Hub Group by 4.9% during the 1st quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock worth $2,194,000 after purchasing an additional 2,761 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Hub Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $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 boosted its holdings in shares of Hub Group by 3.7% during 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 worth $5,048,000 after purchasing an additional 4,844 shares during the last quarter. Finally, Intech Investment Management LLC grew its position in shares of 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. 46.77% of the stock is owned by institutional investors and hedge funds.

More Hub Group News

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

• Negative Sentiment: Multiple law firms announced or promoted class-action lawsuits and lead-plaintiff deadlines tied to alleged accounting misstatements and investor losses, increasing legal and reputational overhang for Hub Group. Article Title
• Negative Sentiment: Hub Group’s admission that prior financial statements may be unreliable, combined with executive ousters, suggests possible governance and accounting issues that could weigh on investor confidence. Article Title
• Negative Sentiment: Additional lawsuits and investor notices from firms including Bronstein, Gewirtz & Grossman, Robbins Geller, Bleichmar Fonti & Auld, Block & Leviton, and others reinforce the view that Hub Group is facing mounting litigation risk. Article Title

Hub Group Price Performance

HUBG opened at $44.94 on Monday. Hub Group, Inc. has a 52-week low of $32.46 and a 52-week high of $53.26. The company has a 50 day moving average of $42.80 and a two-hundred day moving average of $42.28. The company has a market cap of $2.75 billion, a P/E ratio of 25.98, a P/E/G ratio of 1.28 and a beta of 1.22.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Friday, June 5th were issued a dividend of $0.125 per share. The ex-dividend date was Friday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.1%. Hub Group’s payout ratio is presently 28.90%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on HUBG shares. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Raymond James Financial restated an “outperform” rating and issued a $48.00 price target on shares of Hub Group in a report on Wednesday, April 15th. Benchmark dropped 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 note on Thursday, May 14th. Stifel Nicolaus raised their target price on shares of Hub Group from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hub Group in a report on Wednesday, June 24th. Seven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus price target of $43.14.

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.