American Century Companies Inc. Reduces Holdings in Hub Group, Inc. $HUBG

American Century Companies Inc. reduced its position in Hub Group, Inc. (NASDAQ:HUBG) by 18.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 838,326 shares of the transportation company’s stock after selling 189,982 shares during the period. American Century Companies Inc. owned approximately 1.37% of Hub Group worth $28,872,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HUBG. New York State Common Retirement Fund boosted its holdings in Hub Group by 353.0% in the third quarter. New York State Common Retirement Fund now owns 87,559 shares of the transportation company’s stock valued at $3,016,000 after purchasing an additional 68,232 shares during the last quarter. Federated Hermes Inc. boosted its stake in shares of Hub Group by 105.7% during the 3rd quarter. Federated Hermes Inc. now owns 52,756 shares of the transportation company’s stock valued at $1,817,000 after buying an additional 27,105 shares during the last quarter. Capital Fund Management S.A. grew its position in shares of Hub Group by 87.2% during the second quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company’s stock worth $2,255,000 after buying an additional 31,423 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of Hub Group by 43.9% during the third quarter. Allianz Asset Management GmbH now owns 69,374 shares of the transportation company’s stock worth $2,389,000 after buying an additional 21,161 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Hub Group by 156.9% in the second quarter. Vestmark Advisory Solutions Inc. now owns 23,822 shares of the transportation company’s stock worth $796,000 after buying an additional 14,549 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HUBG. TD Cowen reaffirmed a “hold” rating on shares of Hub Group in a report on Monday, January 12th. Robert W. Baird set a $29.00 target price on shares of Hub Group and gave the company a “neutral” rating in a research note on Friday, February 6th. Evercore set a $53.00 price target on shares of Hub Group and gave the stock an “outperform” rating in a research report on Monday, January 12th. Stifel Nicolaus set a $27.00 price target on Hub Group and gave the stock a “sell” rating in a research note on Friday, February 6th. Finally, Wells Fargo & Company restated an “overweight” rating and set a $55.00 price objective (up from $47.00) on shares of Hub Group in a research note on Friday, February 6th. Eight equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Hub Group presently has a consensus rating of “Hold” and a consensus price target of $44.53.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $39.04 on Monday. The company has a market cap of $2.39 billion, a PE ratio of 22.57, a P/E/G ratio of 1.23 and a beta of 1.14. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.26. The firm has a 50-day simple moving average of $44.62 and a 200 day simple moving average of $39.95. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 25th. Investors of record on Friday, March 13th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Hub Group’s dividend payout ratio (DPR) is 28.90%.

Insider Buying and Selling

In related news, CEO Phillip D. Yeager sold 32,000 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the completion of the transaction, the chief executive officer owned 168,315 shares in the company, valued at $7,351,999.20. The trade was a 15.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gary Yablon acquired 4,566 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average price of $43.73 per share, with a total value of $199,671.18. Following the completion of the purchase, the director owned 32,778 shares in the company, valued at $1,433,381.94. The trade was a 16.18% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.48% of the company’s stock.

Hub Group Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.