William Blair Investment Management LLC Trims Stake in Hub Group, Inc. $HUBG

William Blair Investment Management LLC trimmed its stake in Hub Group, Inc. (NASDAQ:HUBGFree Report) by 9.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 625,894 shares of the transportation company’s stock after selling 65,084 shares during the period. William Blair Investment Management LLC owned 1.02% of Hub Group worth $26,669,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HUBG. Royal Bank of Canada increased its stake in shares of Hub Group by 24.5% in the 1st quarter. Royal Bank of Canada now owns 11,723 shares of the transportation company’s stock worth $435,000 after purchasing an additional 2,305 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Hub Group by 4.9% in the 1st quarter. AQR Capital Management LLC now owns 59,029 shares of the transportation company’s stock worth $2,194,000 after purchasing an additional 2,761 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Hub Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,637 shares of the transportation company’s stock worth $1,325,000 after buying an additional 1,542 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in Hub Group by 3.7% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 135,795 shares of the transportation company’s stock worth $5,048,000 after buying an additional 4,844 shares in the last quarter. Finally, Intech Investment Management LLC increased its stake in Hub Group by 33.3% in the 1st quarter. Intech Investment Management LLC now owns 39,181 shares of the transportation company’s stock worth $1,456,000 after buying an additional 9,791 shares in the last quarter. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HUBG has been the subject of a number of analyst reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Hub Group in a research note on Friday, March 27th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $35.00 price target (down from $55.00) on shares of Hub Group in a research note on Thursday, March 26th. Benchmark cut their price target on Hub Group from $50.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, May 14th. Zacks Research upgraded Hub Group from a “strong sell” rating to a “hold” rating in a research note on Monday, April 13th. Finally, Robert W. Baird set a $29.00 price target on Hub Group and gave the stock a “neutral” rating in a research note on Friday, February 6th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hub Group has an average rating of “Hold” and an average target price of $43.14.

View Our Latest Stock Report on Hub Group

Hub Group Stock Performance

Shares of HUBG stock opened at $41.46 on Tuesday. Hub Group, Inc. has a 52-week low of $32.46 and a 52-week high of $53.26. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. The firm has a market capitalization of $2.54 billion, a PE ratio of 23.97, a PEG ratio of 1.18 and a beta of 1.26. The stock has a fifty day simple moving average of $39.07 and a two-hundred day simple moving average of $41.10.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Friday, June 5th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 5th. Hub Group’s dividend payout ratio is 28.90%.

Hub Group Company Profile

(Free Report)

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.

Further Reading

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:HUBGFree Report).

Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

Receive News & Ratings for Hub Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hub Group and related companies with MarketBeat.com's FREE daily email newsletter.