William Blair Investment Management LLC Raises Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

William Blair Investment Management LLC lifted its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 835,959 shares of the transportation company's stock after purchasing an additional 20,259 shares during the period. William Blair Investment Management LLC owned 1.36% of Hub Group worth $37,250,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HUBG. Crossmark Global Holdings Inc. purchased a new stake in shares of Hub Group during the third quarter worth about $204,000. Oppenheimer Asset Management Inc. raised its stake in Hub Group by 44.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 6,708 shares of the transportation company's stock worth $305,000 after buying an additional 2,061 shares in the last quarter. Natixis Advisors LLC raised its stake in Hub Group by 5.5% in the third quarter. Natixis Advisors LLC now owns 19,976 shares of the transportation company's stock worth $908,000 after buying an additional 1,036 shares in the last quarter. Segall Bryant & Hamill LLC raised its stake in Hub Group by 4.0% in the third quarter. Segall Bryant & Hamill LLC now owns 366,736 shares of the transportation company's stock worth $16,668,000 after buying an additional 13,976 shares in the last quarter. Finally, Intech Investment Management LLC raised its stake in Hub Group by 70.4% in 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. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Analysts Set New Price Targets

HUBG has been the subject of a number of research reports. Barclays decreased their price target on shares of Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research note on Monday, February 10th. Stifel Nicolaus increased their price target on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Benchmark increased 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. Susquehanna raised shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price target for the company in a research note on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Hub Group in a research note on Friday, March 7th. They set a "hold" rating and a $41.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $47.82.

Hub Group Stock Down 1.3 %

Shares of HUBG traded down $0.50 on Wednesday, hitting $36.85. 234,237 shares of the stock traded hands, compared to its average volume of 458,313. The company has a market capitalization of $2.27 billion, a PE ratio of 21.71 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The business has a 50 day simple moving average of $42.36 and a 200 day simple moving average of $44.87. Hub Group, Inc. has a one year low of $36.34 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, meeting 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 analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company 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. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, March 18th. Hub Group's dividend payout ratio (DPR) 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.