Cramer Rosenthal Mcglynn LLC Acquires 111,150 Shares of Hub Group, Inc. $HUBG

Cramer Rosenthal Mcglynn LLC lifted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 14.8% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 860,682 shares of the transportation company’s stock after buying an additional 111,150 shares during the period. Hub Group comprises about 1.8% of Cramer Rosenthal Mcglynn LLC’s portfolio, making the stock its 14th biggest holding. Cramer Rosenthal Mcglynn LLC’s holdings in Hub Group were worth $29,642,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. New York State Common Retirement Fund boosted its stake in shares of Hub Group by 353.0% in the 3rd quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company’s stock valued at $3,016,000 after purchasing an additional 68,232 shares in the last quarter. Federated Hermes Inc. boosted its position in Hub Group by 105.7% in the third quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company’s stock valued at $1,817,000 after buying an additional 27,105 shares in the last quarter. Capital Fund Management S.A. grew its stake in shares of Hub Group by 87.2% during the second quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company’s stock worth $2,255,000 after buying an additional 31,423 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of Hub Group by 43.9% during the third quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company’s stock worth $2,389,000 after buying an additional 21,161 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in shares of Hub Group by 156.9% during the second quarter. Vestmark Advisory Solutions Inc. now owns 23,822 shares of the transportation company’s stock worth $796,000 after buying an additional 14,549 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUBG. Zacks Research raised Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $55.00 price objective (up from $47.00) on shares of Hub Group in a research note on Friday, February 6th. Wolfe Research reiterated an “outperform” rating and set a $50.00 target price on shares of Hub Group in a research report on Thursday, January 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a report on Monday, December 29th. Finally, Stifel Nicolaus set a $27.00 price target on shares of Hub Group and gave the company a “sell” rating in a research note on Friday, February 6th. Eight analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $44.53.

Insiders Place Their Bets

In other news, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $43.68, for a total value of $1,397,760.00. Following the transaction, the chief executive officer directly owned 168,315 shares of the company’s stock, valued at $7,351,999.20. The trade was a 15.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Yablon bought 4,566 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were acquired at an average cost of $43.73 per share, with a total value 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 trade represents a 16.18% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.48% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $41.32 on Friday. 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, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.26. The company has a 50 day simple moving average of $44.72 and a two-hundred day simple moving average of $39.86. The company has a market capitalization of $2.53 billion, a PE ratio of 23.88, a P/E/G ratio of 1.35 and a beta of 1.14.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be issued a $0.125 dividend. The ex-dividend date is Friday, March 13th. This represents a $0.50 annualized dividend and a yield of 1.2%. Hub Group’s payout ratio is presently 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.