Interval Partners LP Acquires 35,431 Shares of Hub Group, Inc. $HUBG

Interval Partners LP boosted its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 8.1% in the third quarter, HoldingsChannel reports. The fund owned 471,766 shares of the transportation company’s stock after purchasing an additional 35,431 shares during the quarter. Interval Partners LP’s holdings in Hub Group were worth $16,248,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Amalgamated Bank increased its stake in Hub Group by 1.8% during the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock valued at $606,000 after purchasing an additional 311 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Hub Group by 33.4% in the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after acquiring an additional 321 shares during the period. Baird Financial Group Inc. increased its position in shares of Hub Group by 0.4% in the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock valued at $3,019,000 after acquiring an additional 329 shares during the period. New York State Common Retirement Fund raised its stake in Hub Group by 2.1% in the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock worth $646,000 after acquiring an additional 397 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in 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 worth $1,899,000 after acquiring an additional 437 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HUBG has been the topic of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hub Group in a research report on Monday, December 29th. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the company a “neutral” rating in a research note on Friday, February 6th. Benchmark raised their price target on shares of Hub Group from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Wolfe Research reaffirmed an “outperform” rating and issued a $50.00 price objective on shares of Hub Group in a report on Thursday, January 8th. Finally, TD Cowen reiterated a “hold” rating on shares of Hub Group in a research report on Monday, January 12th. Eight research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $44.53.

Hub Group Price Performance

Hub Group stock opened at $34.30 on Friday. The company’s fifty day moving average price is $43.99 and its 200 day moving average price is $39.91. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.26. The stock has a market capitalization of $2.10 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Friday, March 13th. Hub Group’s dividend payout ratio is 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.