American Century Companies Inc. Decreases Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

American Century Companies Inc. lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,435,781 shares of the transportation company's stock after selling 8,563 shares during the quarter. American Century Companies Inc. owned about 2.34% of Hub Group worth $63,978,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Natixis Advisors LLC increased its position in Hub Group by 5.5% during the 3rd quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company's stock worth $908,000 after purchasing an additional 1,036 shares in the last quarter. Intech Investment Management LLC grew its holdings in shares of Hub Group by 70.4% during the third quarter. Intech Investment Management LLC now owns 19,512 shares of the transportation company's stock worth $887,000 after buying an additional 8,064 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Hub Group by 3.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 663,516 shares of the transportation company's stock valued at $30,157,000 after buying an additional 23,470 shares during the last quarter. Citigroup Inc. lifted its stake in shares of Hub Group by 54.0% during the third quarter. Citigroup Inc. now owns 117,083 shares of the transportation company's stock valued at $5,321,000 after buying an additional 41,046 shares during the period. Finally, FMR LLC boosted its position in Hub Group by 17.5% during the third quarter. FMR LLC now owns 54,650 shares of the transportation company's stock worth $2,484,000 after acquiring an additional 8,130 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Barclays cut their price target 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 upped their target price on Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Susquehanna decreased their price target on Hub Group from $55.00 to $48.00 and set a "positive" rating on the stock in a research note on Wednesday. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 price objective for the company. Finally, Benchmark increased their price objective on shares of Hub Group from $47.00 to $49.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Hub Group presently has a consensus rating of "Hold" and an average target price of $47.18.

Hub Group Trading Down 2.4 %

Shares of NASDAQ:HUBG traded down $0.90 during trading on Friday, reaching $37.13. 369,040 shares of the stock were exchanged, compared to its average volume of 502,564. The firm's 50-day moving average price is $41.22 and its 200 day moving average price is $44.44. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 21.84 and a beta of 0.93. Hub Group, Inc. has a 12-month low of $36.04 and a 12-month high of $53.21. 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 - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) 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%. On average, sell-side analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Tuesday, March 18th were issued a $0.125 dividend. The ex-dividend date was Tuesday, March 18th. This represents a $0.50 annualized dividend and a yield of 1.35%. Hub Group's dividend payout ratio is currently 29.41%.

Hub Group Company 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.