Federated Hermes Inc. Buys 27,105 Shares of Hub Group, Inc. $HUBG

Federated Hermes Inc. increased its position in Hub Group, Inc. (NASDAQ:HUBG) by 105.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,756 shares of the transportation company’s stock after purchasing an additional 27,105 shares during the period. Federated Hermes Inc. owned approximately 0.09% of Hub Group worth $1,817,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Frazier Financial Advisors LLC bought a new position in Hub Group during the 3rd quarter valued at about $35,000. Smartleaf Asset Management LLC raised its holdings in shares of Hub Group by 33.4% during the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of Hub Group by 333.8% during the second quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after purchasing an additional 1,145 shares during the last quarter. Covestor Ltd lifted its position in Hub Group by 22.4% during the third quarter. Covestor Ltd now owns 2,686 shares of the transportation company’s stock valued at $93,000 after purchasing an additional 491 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Hub Group by 42.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,789 shares of the transportation company’s stock worth $96,000 after purchasing an additional 829 shares during the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Stock Performance

NASDAQ:HUBG opened at $52.53 on Thursday. The firm has a market capitalization of $3.21 billion, a PE ratio of 30.36, a PEG ratio of 1.44 and a beta of 1.13. The stock’s fifty day moving average is $44.64 and its 200 day moving average is $38.86. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $52.53. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.0%. The ex-dividend date was Friday, December 5th. Hub Group’s dividend payout ratio is presently 28.90%.

Insider Activity

In other Hub Group news, Director Gary Yablon acquired 4,566 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average cost of $43.73 per share, with a total value of $199,671.18. Following the completion of the acquisition, the director directly owned 32,778 shares in the company, valued at $1,433,381.94. This represents a 16.18% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total value of $1,397,760.00. Following the completion of the transaction, the chief executive officer directly owned 168,315 shares of the company’s stock, valued at approximately $7,351,999.20. The trade was a 15.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on the company. Susquehanna lifted their price objective on Hub Group from $42.00 to $55.00 and gave the stock a “positive” rating in a report on Thursday, January 8th. UBS Group reissued a “neutral” rating and issued a $38.00 target price (up from $36.00) on shares of Hub Group in a research report on Friday, October 10th. Zacks Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a research report on Monday, December 1st. BMO Capital Markets increased their price objective on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Monday, November 3rd. Finally, Evercore ISI set a $53.00 price objective on shares of Hub Group and gave the stock an “outperform” rating in a report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $46.20.

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.