William Blair Investment Management LLC Has $37.25 Million Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

William Blair Investment Management LLC lifted its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 1.36% of Hub Group worth $37,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. River Road Asset Management LLC acquired a new position in Hub Group during the fourth quarter worth about $17,458,000. Raymond James Financial Inc. acquired a new position in Hub Group during the fourth quarter worth about $9,315,000. Principal Financial Group Inc. raised its position in Hub Group by 14.3% during the third quarter. Principal Financial Group Inc. now owns 783,456 shares of the transportation company's stock worth $35,608,000 after acquiring an additional 97,768 shares during the last quarter. Barclays PLC raised its position in Hub Group by 199.6% during the third quarter. Barclays PLC now owns 117,774 shares of the transportation company's stock worth $5,354,000 after acquiring an additional 78,467 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Hub Group by 14.6% during the fourth quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company's stock worth $25,753,000 after acquiring an additional 73,712 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Hub Group in a research note on Friday, March 7th. They issued a "hold" rating and a $41.00 target price for the company. Barclays lowered their price target on Hub Group from $52.00 to $50.00 and set an "equal weight" rating for the company in a research report on Monday, February 10th. Benchmark raised their target price on Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday, January 10th. Susquehanna upgraded shares of Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective on the stock in a research note on Friday, January 3rd. Finally, Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Hub Group has an average rating of "Hold" and a consensus price target of $47.82.

Hub Group Price Performance

Shares of NASDAQ:HUBG traded down $0.81 during trading hours on Tuesday, hitting $37.34. 880,719 shares of the company's stock traded hands, compared to its average volume of 459,161. Hub Group, Inc. has a 52 week low of $36.34 and a 52 week 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. The company's fifty day simple moving average is $42.36 and its two-hundred day simple moving average is $44.87. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 21.96 and a beta of 0.93.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, February 6th. The transportation company reported $0.48 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%. As a group, equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Tuesday, March 18th. 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.