Hub Group, Inc. $HUBG Holdings Decreased by VELA Investment Management LLC

VELA Investment Management LLC lowered its position in Hub Group, Inc. (NASDAQ:HUBG) by 12.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 265,796 shares of the transportation company’s stock after selling 38,363 shares during the quarter. Hub Group accounts for 2.5% of VELA Investment Management LLC’s investment portfolio, making the stock its 5th biggest position. VELA Investment Management LLC’s holdings in Hub Group were worth $11,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Hub Group by 7.1% in the 2nd quarter. Wellington Management Group LLP now owns 7,446,774 shares of the transportation company’s stock worth $326,094,000 after purchasing an additional 491,130 shares during the period. Dimensional Fund Advisors LP increased its position in Hub Group by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,098,160 shares of the transportation company’s stock worth $174,625,000 after purchasing an additional 35,866 shares in the last quarter. Capital International Investors raised its holdings in Hub Group by 16.9% in the fourth quarter. Capital International Investors now owns 3,465,688 shares of the transportation company’s stock valued at $147,673,000 after buying an additional 501,955 shares during the period. State Street Corp raised its holdings in Hub Group by 1.0% in the fourth quarter. State Street Corp now owns 2,466,866 shares of the transportation company’s stock valued at $105,113,000 after buying an additional 25,148 shares during the period. Finally, Invesco Ltd. lifted its position in Hub Group by 8.1% during the fourth quarter. Invesco Ltd. now owns 2,118,108 shares of the transportation company’s stock valued at $90,253,000 after buying an additional 159,174 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research report on Wednesday, June 24th. Benchmark reduced their target price on shares of Hub Group from $50.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, May 14th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus target price of $43.31.

Hub Group Price Performance

HUBG stock opened at $36.68 on Monday. The stock’s 50 day moving average is $44.27 and its two-hundred day moving average is $41.94. Hub Group, Inc. has a 52-week low of $32.90 and a 52-week high of $53.26. The company has a market capitalization of $2.24 billion, a PE ratio of 21.20, a P/E/G ratio of 1.05 and a beta of 1.19.

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.