Stephens Investment Management Group LLC cut its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 286,431 shares of the transportation company's stock after selling 51,418 shares during the quarter. Stephens Investment Management Group LLC owned approximately 0.46% of Hub Group worth $13,018,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in HUBG. Vanguard Group Inc. lifted its holdings in Hub Group by 99.1% during the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company's stock valued at $297,523,000 after purchasing an additional 3,427,047 shares during the last quarter. William Blair Investment Management LLC lifted its holdings in shares of Hub Group by 99.5% in the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company's stock worth $36,390,000 after buying an additional 419,873 shares in the last quarter. Select Equity Group L.P. lifted its holdings in shares of Hub Group by 19.4% in the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock worth $79,055,000 after buying an additional 298,390 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Hub Group by 88.0% in the first quarter. LSV Asset Management now owns 626,226 shares of the transportation company's stock worth $27,065,000 after buying an additional 293,094 shares in the last quarter. Finally, Edgestream Partners L.P. purchased a new stake in shares of Hub Group in the first quarter worth about $5,843,000. 46.77% of the stock is owned by hedge funds and other institutional investors.
HUBG has been the topic of a number of recent analyst reports. Barclays increased their price target on shares of Hub Group from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Thursday. Stifel Nicolaus lowered their target price on shares of Hub Group from $45.00 to $43.00 and set a "buy" rating on the stock in a research note on Tuesday, August 6th. JPMorgan Chase & Co. raised their target price on shares of Hub Group from $43.00 to $51.00 and gave the company a "neutral" rating in a research note on Friday, August 2nd. TD Cowen raised their target price on shares of Hub Group from $43.00 to $49.00 and gave the company a "hold" rating in a research note on Thursday. Finally, Susquehanna reduced their price target on shares of Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hub Group has an average rating of "Hold" and a consensus target price of $46.00.
Get Our Latest Report on HUBG
Shares of Hub Group stock opened at $43.25 on Friday. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 24.57 and a beta of 0.88. The company's 50 day moving average price is $44.32 and its 200-day moving average price is $43.44. Hub Group, Inc. has a 52-week low of $33.38 and a 52-week high of $48.39. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.
Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $986.89 million for the quarter, compared to analysts' expectations of $1.06 billion. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The firm's revenue for the quarter was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.49 earnings per share. Equities research analysts forecast that Hub Group, Inc. will post 1.92 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group's dividend payout ratio (DPR) is currently 28.41%.
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.
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