American Century Companies Inc. Sells 8,563 Shares of Hub Group, Inc. (NASDAQ:HUBG)

American Century Companies Inc. lowered its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,435,781 shares of the transportation company’s stock after selling 8,563 shares during the quarter. American Century Companies Inc. owned about 2.34% of Hub Group worth $63,978,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its holdings in shares of Hub Group by 286.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,541 shares of the transportation company’s stock valued at $68,000 after buying an additional 1,142 shares during the last quarter. Blue Trust Inc. boosted its stake in Hub Group by 24.8% during the 4th quarter. Blue Trust Inc. now owns 2,261 shares of the transportation company’s stock valued at $103,000 after purchasing an additional 450 shares during the last quarter. KBC Group NV increased its holdings in Hub Group by 35.3% during the 4th quarter. KBC Group NV now owns 2,568 shares of the transportation company’s stock worth $114,000 after purchasing an additional 670 shares in the last quarter. iSAM Funds UK Ltd purchased a new stake in shares of Hub Group in the third quarter worth approximately $214,000. Finally, Atria Investments Inc bought a new position in shares of Hub Group in the fourth quarter valued at approximately $216,000. Institutional investors own 46.77% of the company’s stock.

Hub Group Trading Down 1.1 %

NASDAQ:HUBG opened at $37.72 on Wednesday. Hub Group, Inc. has a 12 month low of $36.04 and a 12 month high of $53.21. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.10. The firm’s 50 day moving average is $41.70 and its 200 day moving average is $44.57. The stock has a market capitalization of $2.32 billion, a PE ratio of 22.19 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. Sell-side analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.33%. Hub Group’s dividend payout ratio is presently 29.41%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HUBG shares. Barclays lowered their price target on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a research report on Monday, February 10th. Stifel Nicolaus increased their target price on shares of Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Susquehanna upgraded shares of Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a report on Friday, January 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 price objective for the company. Finally, Benchmark boosted their target price on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.82.

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.