William Blair Investment Management LLC Has $24.50 Million Stock Position in Hub Group, Inc. $HUBG

Key Points

• William Blair Investment Management LLC has reduced its stake in Hub Group, Inc. by 8.3%, holding approximately $24.50 million worth of shares after selling 66,595 shares during the second quarter.
• Hub Group reported $0.45 EPS for the last quarter, slightly above the consensus estimate of $0.44, despite a year-over-year revenue decline of 8.2%.
• Analysts have varying opinions on Hub Group's stock, with an average rating of "Moderate Buy" and a consensus price target of $39.64.

William Blair Investment Management LLC lowered its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 8.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 732,778 shares of the transportation company's stock after selling 66,595 shares during the quarter. William Blair Investment Management LLC owned approximately 1.20% of Hub Group worth $24,497,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. VELA Investment Management LLC increased its position in shares of Hub Group by 23.8% in the second quarter. VELA Investment Management LLC now owns 309,220 shares of the transportation company's stock valued at $10,337,000 after acquiring an additional 59,483 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of Hub Group in the second quarter valued at about $1,612,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Hub Group in the second quarter valued at about $395,000. CWM LLC increased its position in shares of Hub Group by 337.7% in the second quarter. CWM LLC now owns 8,443 shares of the transportation company's stock valued at $282,000 after acquiring an additional 6,514 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Hub Group in the second quarter valued at about $211,000. Institutional investors and hedge funds own 46.77% of the company's stock.

Hub Group Price Performance

Hub Group stock opened at $36.51 on Monday. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The stock's 50 day moving average is $35.83 and its 200-day moving average is $34.59. 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 market capitalization of $2.24 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.26 and a beta of 1.12.

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

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. Hub Group's dividend payout ratio is presently 30.30%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on HUBG shares. Raymond James Financial set a $40.00 price target on Hub Group and gave the stock an "outperform" rating in a research report on Tuesday, October 14th. Stifel Nicolaus set a $41.00 price target on Hub Group and gave the stock a "buy" rating in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft raised Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price target on the stock in a research report on Wednesday, July 23rd. Baird R W raised Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, Zacks Research downgraded Hub Group from a "hold" rating to a "strong sell" rating in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $39.64.

About Hub Group

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.

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