Chartwell Investment Partners LLC decreased its holdings in shares of Hub Group Inc (NASDAQ:HUBG) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 241,431 shares of the transportation company’s stock after selling 7,590 shares during the quarter. Chartwell Investment Partners LLC’s holdings in Hub Group were worth $8,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently added to or reduced their stakes in HUBG. First Mercantile Trust Co. bought a new position in shares of Hub Group during the fourth quarter worth about $39,000. Quantamental Technologies LLC purchased a new stake in Hub Group during the fourth quarter valued at about $40,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hub Group by 30.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,336 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 544 shares during the period. Stevens Capital Management LP acquired a new position in shares of Hub Group in the 3rd quarter valued at about $216,000. Finally, BlueMountain Capital Management LLC increased its holdings in shares of Hub Group by 330.6% in the 3rd quarter. BlueMountain Capital Management LLC now owns 5,003 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 3,841 shares during the period. Institutional investors and hedge funds own 90.76% of the company’s stock.
Shares of HUBG stock opened at $45.55 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $1.56 billion, a P/E ratio of 23.85 and a beta of 1.64. Hub Group Inc has a 12 month low of $34.02 and a 12 month high of $56.60.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Hub Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. BidaskClub upgraded Hub Group from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. ValuEngine downgraded Hub Group from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. BMO Capital Markets upped their target price on Hub Group from $49.00 to $50.00 and gave the company a “market perform” rating in a report on Friday, October 26th. Finally, Buckingham Research increased their price objective on Hub Group from $46.00 to $54.00 and gave the stock a “neutral” rating in a report on Tuesday, October 30th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $56.60.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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