Hub Group, Inc. (NASDAQ:HUBG) Plans Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Thursday, May 21st. Shareholders of record on Friday, June 5th will be paid a dividend of 0.125 per share by the transportation company on Wednesday, June 17th. This represents a c) dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Friday, June 5th.

Hub Group has a payout ratio of 20.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hub Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.2%.

Hub Group Stock Performance

Shares of HUBG stock opened at $40.68 on Friday. The company has a market capitalization of $2.49 billion, a P/E ratio of 23.51, a P/E/G ratio of 1.16 and a beta of 1.26. The business’s 50 day moving average is $38.85 and its two-hundred day moving average is $41.02. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. Hub Group has a 12-month low of $32.46 and a 12-month high of $53.26.

Hedge Funds Weigh In On Hub Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in Hub Group by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,098,160 shares of the transportation company’s stock worth $174,625,000 after buying an additional 35,866 shares in the last quarter. Capital International Investors lifted its position in Hub Group by 16.9% during the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock worth $147,673,000 after buying an additional 501,955 shares in the last quarter. Wellington Management Group LLP purchased a new position in Hub Group during the fourth quarter worth approximately $139,588,000. State Street Corp increased its stake in Hub Group by 1.0% during the fourth quarter. State Street Corp now owns 2,466,866 shares of the transportation company’s stock worth $105,113,000 after acquiring an additional 25,148 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Hub Group by 8.1% during the fourth quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock worth $90,253,000 after acquiring an additional 159,174 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

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.