Creative Planning Decreases Position in Hub Group, Inc. (NASDAQ:HUBG)

Creative Planning decreased its stake in Hub Group, Inc. (NASDAQ:HUBG) by 12.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,346 shares of the transportation company’s stock after selling 776 shares during the quarter. Creative Planning’s holdings in Hub Group were worth $243,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Hub Group by 99.1% during the 1st 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 last quarter. Pacer Advisors Inc. lifted its position in shares of Hub Group by 0.4% during the second quarter. Pacer Advisors Inc. now owns 2,356,564 shares of the transportation company’s stock worth $101,450,000 after purchasing an additional 8,700 shares during the last quarter. Select Equity Group L.P. boosted its stake in shares of 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 purchasing an additional 298,390 shares during the period. American Century Companies Inc. grew its holdings in shares of Hub Group by 6.1% in the second quarter. American Century Companies Inc. now owns 1,322,166 shares of the transportation company’s stock worth $56,919,000 after purchasing an additional 76,431 shares during the last quarter. Finally, William Blair Investment Management LLC lifted its holdings in Hub Group by 99.5% during the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock valued at $36,390,000 after buying an additional 419,873 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $48.37 on Monday. Hub Group, Inc. has a 1-year low of $34.51 and a 1-year high of $49.26. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.32. The company’s 50-day moving average is $44.50 and its two-hundred day moving average is $43.74. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 27.48 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $986.89 million during the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. Hub Group’s revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.49 EPS. Analysts forecast that Hub Group, Inc. will post 1.91 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.03%. Hub Group’s dividend payout ratio is presently 28.41%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Barclays increased their price target on shares of Hub Group from $40.00 to $42.00 and gave the company an “equal weight” rating in a research report on Thursday, October 31st. Benchmark reissued a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Friday, November 1st. Susquehanna cut their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday, November 1st. TD Cowen increased their price target on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Finally, Stifel Nicolaus cut their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hub Group currently has an average rating of “Hold” and a consensus price target of $46.00.

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.