Dimensional Fund Advisors LP Sells 31,728 Shares of Hub Group, Inc. $HUBG

Dimensional Fund Advisors LP reduced its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 0.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,062,294 shares of the transportation company’s stock after selling 31,728 shares during the quarter. Dimensional Fund Advisors LP owned 6.64% of Hub Group worth $139,906,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Royal Bank of Canada grew its holdings 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 worth $435,000 after purchasing an additional 2,305 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Hub Group by 4.9% in the first 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake 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 in the last quarter. Finally, Intech Investment Management LLC lifted its position in Hub Group by 33.3% during 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 last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Shares of Hub Group stock opened at $38.20 on Wednesday. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.26. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company has a fifty day moving average of $44.42 and a 200-day moving average of $39.98. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Friday, March 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, March 13th. Hub Group’s dividend payout ratio is presently 28.90%.

Insider Transactions at Hub Group

In related news, Director Gary Yablon bought 4,566 shares of the stock in a transaction dated Thursday, December 11th. The stock was bought at an average price of $43.73 per share, with a total value of $199,671.18. Following the purchase, the director owned 32,778 shares in the company, valued at approximately $1,433,381.94. The trade was a 16.18% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phillip D. Yeager sold 32,000 shares of the stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $43.68, for a total value of $1,397,760.00. Following the sale, the chief executive officer owned 168,315 shares of the company’s stock, valued at $7,351,999.20. This represents a 15.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.48% of the stock is currently owned by company insiders.

Analyst Ratings Changes

HUBG has been the subject of a number of research reports. Morgan Stanley set a $46.00 price target on shares of Hub Group and gave the stock an “equal weight” rating in a research note on Monday, December 8th. JPMorgan Chase & Co. lifted their price objective on shares of Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Evercore set a $53.00 target price on Hub Group and gave the company an “outperform” rating in a research note on Monday, January 12th. Wolfe Research restated an “outperform” rating and set a $50.00 price target on shares of Hub Group in a research report on Thursday, January 8th. Finally, Barclays reaffirmed an “overweight” rating and set a $48.00 price target (up from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Eight research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $44.53.

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.