American Century Companies Inc. Has $56.92 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

American Century Companies Inc. lifted its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 6.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,322,166 shares of the transportation company’s stock after buying an additional 76,431 shares during the quarter. American Century Companies Inc.’s holdings in Hub Group were worth $56,919,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HUBG. Arizona State Retirement System lifted its stake in Hub Group by 1.6% in the second quarter. Arizona State Retirement System now owns 17,427 shares of the transportation company’s stock valued at $750,000 after buying an additional 282 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in Hub Group by 81.5% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 334 shares in the last quarter. Silicon Valley Capital Partners boosted its stake in Hub Group by 100.6% in the 1st quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Covestor Ltd increased its holdings in Hub Group by 37.4% during the 1st quarter. Covestor Ltd now owns 1,609 shares of the transportation company’s stock worth $70,000 after purchasing an additional 438 shares in the last quarter. Finally, Adirondack Trust Co. raised its stake in shares of Hub Group by 100.0% in the 4th quarter. Adirondack Trust Co. now owns 1,000 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 500 shares during the period. 46.77% of the stock is owned by institutional investors.

Hub Group Stock Up 1.2 %

HUBG opened at $44.78 on Monday. The stock’s fifty day simple moving average is $44.25 and its 200 day simple moving average is $42.95. Hub Group, Inc. has a 1-year low of $31.73 and a 1-year high of $48.39. The stock has a market cap of $2.78 billion, a PE ratio of 21.27 and a beta of 0.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. The company had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The company’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.72 earnings per share. As a group, research analysts expect that Hub Group, Inc. will post 1.93 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.12%. Hub Group’s payout ratio is currently 23.75%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna decreased their price target on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Friday, August 2nd. TD Cowen lowered shares of Hub Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $43.00 in a research report on Thursday, July 18th. Stifel Nicolaus decreased their target price on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Finally, Benchmark reiterated a “buy” rating and issued a $49.00 price target on shares of Hub Group in a research note on Tuesday, July 9th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group currently has a consensus rating of “Hold” and an average price target of $45.35.

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.