Stephens Investment Management Group LLC Decreases Stock Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Stephens Investment Management Group LLC decreased its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,431 shares of the transportation company's stock after selling 51,418 shares during the period. Stephens Investment Management Group LLC owned about 0.46% of Hub Group worth $13,018,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in Hub Group by 99.1% in the first quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company's stock worth $297,523,000 after acquiring an additional 3,427,047 shares during the period. William Blair Investment Management LLC boosted its stake in shares of Hub Group by 99.5% during the first quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company's stock valued at $36,390,000 after purchasing an additional 419,873 shares in the last quarter. Select Equity Group L.P. increased its holdings in Hub Group by 19.4% during the second quarter. Select Equity Group L.P. now owns 1,836,354 shares of the transportation company's stock valued at $79,055,000 after buying an additional 298,390 shares during the period. LSV Asset Management raised its stake in 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. bought a new stake in Hub Group during the 1st quarter valued at $5,843,000. Hedge funds and other institutional investors own 46.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HUBG. Susquehanna cut their target price on Hub Group from $50.00 to $48.00 and set a "neutral" rating on the stock in a research note on Friday. Evercore ISI boosted their price objective on shares of Hub Group from $41.00 to $43.00 and gave the stock an "in-line" rating in a research note on Thursday, October 3rd. 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. Benchmark reaffirmed a "buy" rating and set a $47.00 price target on shares of Hub Group in a research report on Friday. Finally, Stifel Nicolaus lowered their price objective on Hub Group from $45.00 to $43.00 and set a "buy" rating for the company in a research report on Tuesday, August 6th. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $46.00.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded down $0.14 during trading on Friday, hitting $43.25. The stock had a trading volume of 491,369 shares, compared to its average volume of 447,019. The stock has a 50-day simple moving average of $44.32 and a two-hundred day simple moving average of $43.44. 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 has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group, Inc. has a 12-month low of $33.38 and a 12-month high of $48.39.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.03. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.43% and a net margin of 2.74%. The company's revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share. On average, equities research analysts expect that Hub Group, Inc. will post 1.92 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group's payout ratio is currently 28.41%.

About Hub Group

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.