Stephens Investment Management Group LLC Sells 12,720 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Stephens Investment Management Group LLC reduced its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 3.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 313,335 shares of the transportation company's stock after selling 12,720 shares during the quarter. 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 large investors have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. grew its position in shares of 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 worth $30,081,000 after purchasing an additional 11,548 shares in the last quarter. Atria Investments Inc acquired a new position in shares of Hub Group during the 4th quarter worth approximately $216,000. Raymond James Financial Inc. acquired a new position in shares of Hub Group during the 4th quarter worth approximately $9,315,000. PNC Financial Services Group Inc. grew its position in shares of 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 worth $368,000 after purchasing an additional 3,614 shares in the last quarter. Finally, Amundi grew its position in shares of Hub Group by 51.2% during the 4th quarter. Amundi now owns 48,043 shares of the transportation company's stock worth $2,122,000 after purchasing an additional 16,267 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $35.65 on Monday. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.68 and a beta of 1.13. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a 50 day simple moving average of $34.09 and a 200 day simple moving average of $37.60. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The transportation company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. Hub Group had a net margin of 2.69% and a return on equity of 7.01%. The business had revenue of $915.22 million during the quarter, compared to the consensus estimate of $973.86 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The firm's revenue was down 8.5% compared to the same quarter last year. Research analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were given a $0.125 dividend. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.40%. Hub Group's dividend payout ratio is presently 29.41%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on HUBG. Barclays decreased 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. Susquehanna restated a "positive" rating and set a $46.00 target price (up previously from $45.00) on shares of Hub Group in a research report on Tuesday, June 24th. Benchmark decreased 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. Robert W. Baird began coverage on shares of Hub Group in a research report on Tuesday, July 1st. They set an "outperform" rating and a $44.00 price target on the stock. Finally, Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Six research 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. According to data from MarketBeat, Hub Group presently has an average rating of "Moderate Buy" and a consensus price target of $42.01.

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.

Want to see what other hedge funds are holding HUBG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hub Group, Inc. (NASDAQ:HUBG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.