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

SG Americas Securities LLC increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 170.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,321 shares of the transportation company’s stock after buying 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 have also bought and sold shares of HUBG. GAMMA Investing LLC grew its stake 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 worth $32,000 after acquiring an additional 280 shares in the last quarter. CWM LLC boosted its holdings in Hub Group by 24.8% during 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 last quarter. nVerses Capital LLC bought a new position in Hub Group in the third quarter valued at $182,000. Crossmark Global Holdings Inc. acquired a new stake in Hub Group in the 3rd quarter valued at $204,000. Finally, iSAM Funds UK Ltd acquired a new position in shares of Hub Group during the 3rd quarter worth about $214,000. Institutional investors and hedge funds own 46.77% of the company’s stock.

Analyst Ratings Changes

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

Hub Group Stock Down 0.1 %

Shares of HUBG opened at $43.79 on Thursday. The firm has a market cap of $2.69 billion, a P/E ratio of 24.88 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. Hub Group, Inc. has a 52 week low of $38.07 and a 52 week high of $53.21. The firm’s 50-day simple moving average is $46.21 and its 200 day simple moving average is $45.56.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. Hub Group’s dividend payout ratio (DPR) is currently 28.41%.

About Hub Group

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.