Hub Group, Inc. $HUBG Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its position in Hub Group, Inc. (NASDAQ:HUBG) by 15.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,028,308 shares of the transportation company’s stock after selling 185,401 shares during the quarter. American Century Companies Inc. owned 1.68% of Hub Group worth $34,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in Hub Group during the 1st quarter worth approximately $28,380,000. Fuller & Thaler Asset Management Inc. grew its stake in Hub Group by 90.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock worth $46,398,000 after buying an additional 592,443 shares during the period. Jacobs Levy Equity Management Inc. increased its position in shares of Hub Group by 1,073.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 156,577 shares of the transportation company’s stock worth $5,820,000 after acquiring an additional 143,234 shares in the last quarter. Invesco Ltd. increased its position in shares of Hub Group by 4.4% in the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company’s stock worth $71,330,000 after acquiring an additional 80,718 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of Hub Group by 9.9% in the 1st quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company’s stock valued at $32,074,000 after acquiring an additional 77,571 shares during the period. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Trading Down 0.7%

Shares of HUBG opened at $38.52 on Friday. Hub Group, Inc. has a one year low of $30.75 and a one year high of $52.24. The stock has a 50-day moving average price of $35.61 and a 200 day moving average price of $35.29. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market capitalization of $2.36 billion, a P/E ratio of 23.35, a P/E/G ratio of 1.23 and a beta of 1.14.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.Hub Group’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.50 annualized dividend and a yield of 1.3%. Hub Group’s dividend payout ratio is currently 28.90%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HUBG shares. UBS Group reaffirmed a “neutral” rating and set a $38.00 price target (up from $36.00) on shares of Hub Group in a research report on Friday, October 10th. BMO Capital Markets upped their target price on Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Hub Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. boosted their price target on Hub Group from $41.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, October 31st. Finally, Evercore ISI upped their price target on Hub Group from $37.00 to $38.00 and gave the stock an “in-line” rating in a report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.83.

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.