SG Americas Securities LLC Acquires 3,988 Shares of Hub Group, Inc. (NASDAQ:HUBG)

SG Americas Securities LLC lifted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 170.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,321 shares of the transportation company’s stock after purchasing an additional 3,988 shares during the quarter. SG Americas Securities LLC’s holdings in Hub Group were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nisa Investment Advisors LLC grew its position in Hub Group by 0.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 31,522 shares of the transportation company’s stock worth $1,405,000 after buying an additional 260 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Hub Group by 65.0% during the 3rd quarter. GAMMA Investing LLC now owns 711 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 280 shares during the period. Highland Capital Management LLC grew its holdings in shares of Hub Group by 9.4% during the 3rd quarter. Highland Capital Management LLC now owns 5,086 shares of the transportation company’s stock worth $231,000 after purchasing an additional 437 shares in the last quarter. CWM LLC increased its position in shares of Hub Group by 24.8% in the third quarter. CWM LLC now owns 2,853 shares of the transportation company’s stock worth $130,000 after purchasing an additional 567 shares during the period. Finally, Franklin Resources Inc. raised its stake in Hub Group by 1.2% in the third quarter. Franklin Resources Inc. now owns 49,148 shares of the transportation company’s stock valued at $2,167,000 after purchasing an additional 595 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Price Performance

Shares of HUBG opened at $43.79 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.12. The stock has a market cap of $2.69 billion, a PE ratio of 24.88 and a beta of 0.94. Hub Group, Inc. has a 12-month low of $38.07 and a 12-month high of $53.21. The business has a 50-day simple moving average of $46.21 and a two-hundred day simple moving average of $45.56.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.125 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.14%. Hub Group’s dividend payout ratio (DPR) is presently 28.41%.

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Benchmark lifted their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a research report on Friday, January 3rd. TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Finally, Barclays boosted their price target on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Nine research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hub Group presently has an average rating of “Hold” and an average price target of $48.27.

Hub Group Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.