American Century Companies Inc. Has $45.11 Million Position in 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% in the first quarter, according to its most recent disclosure with the SEC. 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 about 1.97% of Hub Group worth $45,114,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Invesco Ltd. raised its stake in Hub Group by 4.4% in the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company's stock valued at $71,330,000 after purchasing an additional 80,718 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock valued at $51,133,000 after purchasing an additional 499,621 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Hub Group by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock valued at $39,205,000 after purchasing an additional 32,334 shares in the last quarter. HighTower Advisors LLC raised its stake in Hub Group by 9.9% in the first quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company's stock valued at $32,074,000 after purchasing an additional 77,571 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Hub Group in the first quarter valued at about $28,380,000. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Stock Performance

HUBG traded up $2.25 during trading on Friday, hitting $37.48. The stock had a trading volume of 683,568 shares, compared to its average volume of 527,117. The firm has a market cap of $2.29 billion, a PE ratio of 22.72, a P/E/G ratio of 1.25 and a beta of 1.12. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $34.83 and a 200-day simple moving average of $35.67.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

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

Analysts Set New Price Targets

HUBG has been the subject of a number of analyst reports. TD Cowen dropped their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Robert W. Baird dropped their price target on Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a research note on Monday, August 4th. Baird R W upgraded Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Barclays decreased their target price on 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. Finally, JPMorgan Chase & Co. decreased their target price on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. One research 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's stock. According to data from MarketBeat, Hub Group has an average rating of "Moderate Buy" and an average price target of $40.35.

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.