HighTower Advisors LLC Sells 31,261 Shares of Hub Group, Inc. $HUBG

HighTower Advisors LLC lessened its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 3.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 829,400 shares of the transportation company’s stock after selling 31,261 shares during the period. HighTower Advisors LLC’s holdings in Hub Group were worth $28,565,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amalgamated Bank raised its holdings in shares of Hub Group by 1.8% in the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock valued at $606,000 after acquiring an additional 311 shares in the last quarter. Smartleaf Asset Management LLC grew 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 worth $44,000 after purchasing an additional 321 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of 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 last quarter. New York State Common Retirement Fund raised its stake in Hub Group by 2.1% in the second 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 raised its stake in Hub Group by 0.8% in the second 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 in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on HUBG shares. JPMorgan Chase & Co. boosted their price target on shares of Hub Group from $42.00 to $50.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Stifel Nicolaus set a $27.00 target price on shares of Hub Group and gave the stock a “sell” rating in a research report on Friday, February 6th. Barclays reissued an “overweight” rating and issued a $48.00 target price (up previously from $38.00) on shares of Hub Group in a research note on Thursday, January 15th. Robert W. Baird set a $29.00 price target on Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $50.00 price objective on shares of Hub Group in a report on Thursday, January 8th. Eight analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.53.

Insider Transactions at Hub Group

In other news, CEO Phillip D. Yeager sold 32,000 shares of the 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 completion of the sale, the chief executive officer owned 168,315 shares of the company’s stock, valued at approximately $7,351,999.20. This represents a 15.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gary Yablon bought 4,566 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was purchased 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 of the company’s stock, valued at approximately $1,433,381.94. The trade was a 16.18% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.48% of the company’s stock.

Hub Group Stock Performance

Hub Group stock opened at $41.06 on Thursday. The firm has a fifty day simple moving average of $45.01 and a two-hundred day simple moving average of $39.35. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.26. The company has a market capitalization of $2.51 billion, a PE ratio of 23.73, a P/E/G ratio of 1.25 and a beta of 1.13.

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.