AlphaQuest LLC Reduces Position in Hub Group, Inc. $HUBG

AlphaQuest LLC cut its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 76.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,628 shares of the transportation company’s stock after selling 51,232 shares during the quarter. AlphaQuest LLC’s holdings in Hub Group were worth $538,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBG. Federated Hermes Inc. lifted its stake in Hub Group by 105.7% during the 3rd quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company’s stock valued at $1,817,000 after acquiring an additional 27,105 shares during the period. Capital Fund Management S.A. raised its holdings in shares of Hub Group by 87.2% during the second quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company’s stock worth $2,255,000 after purchasing an additional 31,423 shares during the last quarter. River Road Asset Management LLC raised its holdings in shares of Hub Group by 79.2% during the second quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after purchasing an additional 487,703 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Hub Group during the second quarter valued at $395,000. Finally, Deprince Race & Zollo Inc. boosted its holdings in Hub Group by 44.8% in the third quarter. Deprince Race & Zollo Inc. now owns 996,567 shares of the transportation company’s stock valued at $34,322,000 after purchasing an additional 308,379 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Insider Activity at Hub Group

In other news, Director Gary Yablon bought 4,566 shares of the firm’s stock in a transaction dated Thursday, December 11th. The shares were acquired at an average price of $43.73 per share, for a total transaction of $199,671.18. Following the completion of the transaction, the director directly owned 32,778 shares in the company, valued at $1,433,381.94. The trade was a 16.18% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer owned 168,315 shares of the company’s stock, valued at $7,351,999.20. The trade was 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 insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HUBG. Morgan Stanley set a $46.00 price objective on Hub Group and gave the company an “equal weight” rating in a report on Monday, December 8th. BMO Capital Markets raised 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. Raymond James Financial set a $40.00 target price on shares of Hub Group and gave the company an “outperform” rating in a report on Tuesday, October 14th. Barclays reissued an “overweight” rating and set a $48.00 price target (up from $38.00) on shares of Hub Group in a report on Thursday, January 15th. Finally, Stifel Nicolaus set a $52.00 price target on shares of Hub Group and gave the company a “buy” rating in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Hub Group presently has an average rating of “Moderate Buy” and an average price target of $46.20.

Hub Group Stock Performance

NASDAQ:HUBG opened at $51.33 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The stock has a market capitalization of $3.14 billion, a PE ratio of 29.67, a P/E/G ratio of 1.50 and a beta of 1.13. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.26. The company has a fifty day moving average of $44.89 and a two-hundred day moving average of $38.95.

Hub Group Announces Dividend

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

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.