William Blair Investment Management LLC Boosts Stock Position in Hub Group, Inc. (NASDAQ:HUBG)

William Blair Investment Management LLC increased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 835,959 shares of the transportation company’s stock after purchasing an additional 20,259 shares during the quarter. William Blair Investment Management LLC’s holdings in Hub Group were worth $37,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in Hub Group in the 3rd quarter valued at about $481,000. Barclays PLC grew its holdings in Hub Group by 199.6% in the 3rd quarter. Barclays PLC now owns 117,774 shares of the transportation company’s stock valued at $5,354,000 after buying an additional 78,467 shares during the period. State Street Corp grew its holdings in Hub Group by 0.8% in the 3rd quarter. State Street Corp now owns 2,489,503 shares of the transportation company’s stock valued at $113,148,000 after buying an additional 20,215 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in Hub Group by 16.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,511 shares of the transportation company’s stock valued at $424,000 after buying an additional 1,368 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Hub Group by 14.6% in the 4th quarter. Bank of New York Mellon Corp now owns 577,940 shares of the transportation company’s stock valued at $25,753,000 after buying an additional 73,712 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on HUBG. Deutsche Bank Aktiengesellschaft began coverage on Hub Group in a report on Friday, March 7th. They issued a “hold” rating and a $41.00 price target for the company. Benchmark lifted their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays decreased their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Stifel Nicolaus boosted their target price on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Finally, Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price for the company in a report on Friday, January 3rd. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Hub Group has an average rating of “Hold” and a consensus target price of $47.82.

Hub Group Stock Performance

Hub Group stock opened at $38.15 on Tuesday. The stock’s 50 day moving average price is $42.50 and its 200 day moving average price is $44.94. The firm has a market capitalization of $2.35 billion, a PE ratio of 22.44 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. Hub Group, Inc. has a one year low of $36.34 and a one year high of $53.21.

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

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Tuesday, March 18th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.31%. The ex-dividend date is Tuesday, March 18th. Hub Group’s dividend payout ratio (DPR) is presently 29.41%.

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.