Dynamic Technology Lab Private Ltd Cuts Position in Hub Group, Inc. $HUBG

Dynamic Technology Lab Private Ltd reduced its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 66.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,891 shares of the transportation company’s stock after selling 34,145 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Hub Group were worth $582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Hub Group by 0.6% in the second quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company’s stock valued at $50,821,000 after purchasing an additional 9,608 shares in the last quarter. River Road Asset Management LLC raised its position in Hub Group by 79.2% during the 2nd quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock worth $38,641,000 after buying an additional 487,703 shares during the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Hub Group by 44.8% in the 3rd 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 in the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in Hub Group by 14.8% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 860,682 shares of the transportation company’s stock worth $29,642,000 after acquiring an additional 111,150 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of Hub Group by 6.1% in the third quarter. Segall Bryant & Hamill LLC now owns 584,626 shares of the transportation company’s stock valued at $20,135,000 after buying an additional 33,647 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Performance

Shares of HUBG opened at $38.20 on Wednesday. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 1.23 and a beta of 1.14. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $44.42 and its two-hundred day moving average is $39.98. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.26.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Friday, March 13th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, March 13th. Hub Group’s dividend payout ratio is 28.90%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley set a $46.00 price target on Hub Group and gave the stock an “equal weight” rating in a research note on Monday, December 8th. Benchmark boosted their price target on Hub Group from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. upped their price target on Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Monday, December 29th. Finally, Evercore set a $53.00 target price on shares of Hub Group and gave the stock an “outperform” rating in a research report on Monday, January 12th. Eight investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.53.

Insider Activity

In other Hub Group news, CEO Phillip D. Yeager sold 32,000 shares of the company’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 transaction of $1,397,760.00. Following the sale, the chief executive officer owned 168,315 shares in the company, valued at $7,351,999.20. This represents a 15.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Yablon acquired 4,566 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were purchased at an average price of $43.73 per share, for a total transaction of $199,671.18. Following the purchase, the director directly owned 32,778 shares of the company’s stock, valued at $1,433,381.94. This represents a 16.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.48% of the company’s stock.

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.