Rice Hall James & Associates LLC Has $1.59 Million Position in Hub Group, Inc. (NASDAQ:HUBG)

Rice Hall James & Associates LLC reduced its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,892 shares of the transportation company’s stock after selling 354 shares during the period. Rice Hall James & Associates LLC owned 0.06% of Hub Group worth $1,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HUBG. Vanguard Group Inc. increased its stake in shares of Hub Group by 99.1% during the 1st quarter. Vanguard Group Inc. now owns 6,883,930 shares of the transportation company’s stock worth $297,523,000 after purchasing an additional 3,427,047 shares during the last quarter. William Blair Investment Management LLC increased its stake in shares of Hub Group by 99.5% during the 1st quarter. William Blair Investment Management LLC now owns 841,980 shares of the transportation company’s stock worth $36,390,000 after purchasing an additional 419,873 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Hub Group by 109.6% during the 1st quarter. Principal Financial Group Inc. now owns 702,443 shares of the transportation company’s stock worth $30,360,000 after purchasing an additional 367,345 shares during the last quarter. Norges Bank acquired a new position in shares of Hub Group during the 4th quarter worth about $31,439,000. Finally, LSV Asset Management increased its stake in shares of Hub Group by 88.0% during the 1st quarter. LSV Asset Management now owns 626,226 shares of the transportation company’s stock worth $27,065,000 after purchasing an additional 293,094 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Performance

NASDAQ HUBG opened at $43.86 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.73 billion, a P/E ratio of 20.84 and a beta of 0.89. Hub Group, Inc. has a 12-month low of $31.73 and a 12-month high of $48.39. The firm has a 50-day moving average price of $44.18 and a two-hundred day moving average price of $42.94.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The firm had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.72 EPS. Analysts anticipate that Hub Group, Inc. will post 1.93 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Susquehanna lowered their price objective on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price on shares of Hub Group in a report on Tuesday, June 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $49.00 target price on shares of Hub Group in a report on Tuesday, July 9th. Ten analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Hub Group has an average 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.