American Century Companies Inc. Sells 222,072 Shares of Hub Group, Inc. $HUBG

Key Points

• American Century Companies Inc. reduced its stock holdings in Hub Group, Inc. by 15.5%, owning approximately 1.97% of the company at the end of the first quarter.
• Hub Group reported $0.45 EPS for the latest quarter, slightly surpassing estimates, but experienced an 8.2% decline in revenue compared to the prior year.
• Several analysts adjusted their ratings on Hub Group, with one analyst giving it a Strong Buy rating and five others rating it a Buy, as the average consensus target price is $40.35.

American Century Companies Inc. lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,213,709 shares of the transportation company's stock after selling 222,072 shares during the quarter. American Century Companies Inc. owned 1.97% of Hub Group worth $45,114,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its position in shares of Hub Group by 4.4% during the 1st quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company's stock worth $71,330,000 after buying an additional 80,718 shares in the last quarter. Balyasny Asset Management L.P. lifted its position in shares of Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after buying an additional 499,621 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Hub Group by 3.8% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock worth $39,205,000 after buying an additional 32,334 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Hub Group by 9.9% during the 1st quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company's stock worth $32,074,000 after buying an additional 77,571 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Hub Group during the 1st quarter worth approximately $28,380,000. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

HUBG stock traded up $0.44 during midday trading on Tuesday, reaching $37.06. 844,260 shares of the company's stock traded hands, compared to its average volume of 520,912. The company has a 50-day moving average price of $34.98 and a two-hundred day moving average price of $35.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The firm has a market capitalization of $2.27 billion, a PE ratio of 22.46, a price-to-earnings-growth ratio of 1.22 and a beta of 1.12.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business had revenue of $905.65 million for the quarter, compared to analysts' expectations of $913.53 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business's revenue for the quarter was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Hub Group's payout ratio is presently 30.30%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HUBG shares. Benchmark dropped their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Susquehanna lifted their target price on shares of Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a research report on Friday, August 1st. Barclays dropped their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.35.

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.