Hub Group, Inc. (NASDAQ:HUBG) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC lowered its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 313,335 shares of the transportation company's stock after selling 12,720 shares during the period. Stephens Investment Management Group LLC owned about 0.51% of Hub Group worth $11,647,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its holdings in Hub Group by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 675,064 shares of the transportation company's stock valued at $30,081,000 after purchasing an additional 11,548 shares during the period. Atria Investments Inc purchased a new position in Hub Group during the 4th quarter valued at about $216,000. Raymond James Financial Inc. purchased a new position in Hub Group during the 4th quarter valued at about $9,315,000. PNC Financial Services Group Inc. increased its holdings in Hub Group by 77.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,268 shares of the transportation company's stock valued at $368,000 after purchasing an additional 3,614 shares during the period. Finally, Amundi increased its holdings in Hub Group by 51.2% during the 4th quarter. Amundi now owns 48,043 shares of the transportation company's stock valued at $2,122,000 after purchasing an additional 16,267 shares during the period. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

HUBG stock traded up $0.48 during midday trading on Thursday, reaching $34.40. The stock had a trading volume of 483,119 shares, compared to its average volume of 551,420. The stock has a market cap of $2.11 billion, a PE ratio of 20.24, a P/E/G ratio of 1.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a fifty day simple moving average of $34.27 and a two-hundred day simple moving average of $37.42. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.02. Hub Group had a return on equity of 7.01% and a net margin of 2.69%. The business had revenue of $915.22 million during the quarter, compared to analyst estimates of $973.86 million. During the same quarter last year, the business posted $0.44 EPS. The company's revenue was down 8.5% on a year-over-year basis. As a group, equities research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.45%. Hub Group's dividend payout ratio (DPR) is presently 29.41%.

Analyst Ratings Changes

A number of analysts have recently commented on HUBG shares. Baird R W raised Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Barclays lowered their price objective 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. TD Cowen lowered their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Susquehanna reaffirmed a "positive" rating and issued a $46.00 price objective (up from $45.00) on shares of Hub Group in a research report on Tuesday, June 24th. Finally, Benchmark lowered their price objective on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Hub Group presently has a consensus rating of "Moderate Buy" and an average target price of $42.01.

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.