American Century Companies Inc. Sells 8,563 Shares of Hub Group, Inc. (NASDAQ:HUBG)

American Century Companies Inc. cut its stake in Hub Group, Inc. (NASDAQ:HUBG) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,435,781 shares of the transportation company’s stock after selling 8,563 shares during the quarter. American Century Companies Inc.’s holdings in Hub Group were worth $63,978,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HUBG. State Street Corp grew its holdings in Hub Group by 0.8% during the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares in the last quarter. Geode Capital Management LLC grew its stake in Hub Group by 0.7% during the third quarter. Geode Capital Management LLC now owns 1,482,308 shares of the transportation company’s stock valued at $67,383,000 after acquiring an additional 10,328 shares in the last quarter. William Blair Investment Management LLC increased its holdings in Hub Group by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 835,959 shares of the transportation company’s stock worth $37,250,000 after acquiring an additional 20,259 shares during the period. Principal Financial Group Inc. lifted its stake in Hub Group by 14.3% in the 3rd quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company’s stock worth $35,608,000 after purchasing an additional 97,768 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Hub Group by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company’s stock valued at $30,081,000 after purchasing an additional 11,548 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HUBG has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target on the stock. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a report on Friday, January 3rd. Barclays cut their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Stifel Nicolaus raised their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, Benchmark boosted their price target on shares of Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Eight research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus price target of $47.82.

Hub Group Trading Down 1.1 %

Shares of HUBG opened at $37.72 on Wednesday. Hub Group, Inc. has a fifty-two week low of $36.04 and a fifty-two week high of $53.21. The firm has a market cap of $2.32 billion, a price-to-earnings ratio of 22.19 and a beta of 0.93. The firm has a 50 day moving average price of $41.70 and a 200-day moving average price of $44.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting the consensus estimate of $0.48. Hub Group had a net margin of 2.64% and a return on equity of 7.10%. As a group, equities research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.33%. Hub Group’s payout ratio is 29.41%.

Hub Group Profile

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.