American Century Companies Inc. Has $29.54 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

American Century Companies Inc. boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 17.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 362,228 shares of the transportation company’s stock after buying an additional 54,319 shares during the period. American Century Companies Inc. owned approximately 1.09% of Hub Group worth $29,543,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Raymond James & Associates boosted its position in shares of Hub Group by 50.5% during the first quarter. Raymond James & Associates now owns 25,950 shares of the transportation company’s stock valued at $2,004,000 after buying an additional 8,711 shares during the last quarter. Citigroup Inc. grew its stake in shares of Hub Group by 7.5% in the 1st quarter. Citigroup Inc. now owns 32,811 shares of the transportation company’s stock worth $2,533,000 after acquiring an additional 2,276 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Hub Group by 11.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,699 shares of the transportation company’s stock valued at $210,000 after purchasing an additional 285 shares during the last quarter. MetLife Investment Management LLC increased its stake in Hub Group by 57.3% in the 1st quarter. MetLife Investment Management LLC now owns 17,693 shares of the transportation company’s stock valued at $1,366,000 after buying an additional 6,444 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in Hub Group by 1.1% during the first quarter. Rhumbline Advisers now owns 96,497 shares of the transportation company’s stock worth $7,451,000 after acquiring an additional 1,061 shares during the period. 90.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HUBG shares. Morgan Stanley decreased their price target on shares of Hub Group from $89.00 to $86.00 and set an “equal weight” rating for the company in a research note on Monday, July 31st. Stephens boosted their target price on Hub Group from $85.00 to $91.00 in a research report on Friday, July 28th. Susquehanna lifted their price target on Hub Group from $95.00 to $117.00 in a research note on Thursday, June 29th. Wells Fargo & Company increased their price target on shares of Hub Group from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, July 28th. Finally, Benchmark boosted their price objective on shares of Hub Group from $95.00 to $98.00 in a report on Monday, July 31st. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $99.83.

Hub Group Stock Performance

Shares of NASDAQ HUBG opened at $80.70 on Wednesday. The company has a market cap of $2.58 billion, a PE ratio of 9.66 and a beta of 0.93. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.15. The firm’s 50-day moving average price is $82.59 and its 200-day moving average price is $82.00. Hub Group, Inc. has a 52-week low of $67.77 and a 52-week high of $104.67.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.41 by $0.03. Hub Group had a net margin of 5.69% and a return on equity of 17.22%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the firm earned $3.03 EPS. The company’s revenue was down 25.8% on a year-over-year basis. As a group, analysts anticipate that Hub Group, Inc. will post 6.18 EPS for the current year.

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.