Hub Group, Inc. $HUBG Shares Sold by Citigroup Inc.

Citigroup Inc. decreased its stake in Hub Group, Inc. (NASDAQ:HUBG) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 67,835 shares of the transportation company’s stock after selling 23,638 shares during the period. Citigroup Inc. owned approximately 0.11% of Hub Group worth $2,336,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HUBG. Amalgamated Bank increased its stake in shares of Hub Group by 1.8% during the third quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 311 shares during the period. Smartleaf Asset Management LLC lifted its position in Hub Group by 33.4% in the second quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares during the period. Baird Financial Group Inc. lifted its position in Hub Group by 0.4% in the second quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock worth $3,019,000 after purchasing an additional 329 shares during the period. New York State Common Retirement Fund boosted its stake in Hub Group by 2.1% during the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after purchasing an additional 397 shares in the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Hub Group by 0.8% during the 2nd quarter. California State Teachers Retirement System now owns 56,812 shares of the transportation company’s stock valued at $1,899,000 after purchasing an additional 437 shares during the period. Institutional investors and hedge funds own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUBG. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research note on Monday, December 29th. Benchmark raised their target price on Hub Group from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Raymond James Financial reiterated an “outperform” rating and issued a $50.00 price target on shares of Hub Group in a research report on Monday, February 9th. Morgan Stanley set a $46.00 price objective on shares of Hub Group and gave the company an “equal weight” rating in a research report on Monday, December 8th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $50.00 target price on shares of Hub Group in a report on Thursday, January 8th. Eight equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $44.53.

Insider Buying and Selling at Hub Group

In other Hub Group news, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the completion of the sale, the chief executive officer directly owned 168,315 shares in the company, valued at approximately $7,351,999.20. This trade represents a 15.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gary Yablon bought 4,566 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was acquired at an average price of $43.73 per share, for a total transaction of $199,671.18. Following the acquisition, the director directly owned 32,778 shares in the company, valued at $1,433,381.94. This trade represents a 16.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.48% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG opened at $39.04 on Friday. The company has a 50-day moving average of $44.62 and a two-hundred day moving average of $39.91. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of 22.57, a PEG ratio of 1.23 and a beta of 1.14. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.26.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. Hub Group’s dividend payout ratio is presently 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.