William Blair Investment Management LLC Sells 65,084 Shares of Hub Group, Inc. $HUBG

William Blair Investment Management LLC lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 625,894 shares of the transportation company’s stock after selling 65,084 shares during the period. William Blair Investment Management LLC’s holdings in Hub Group were worth $26,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund boosted its holdings in shares of Hub Group by 1.5% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 13,878 shares of the transportation company’s stock valued at $591,000 after purchasing an additional 200 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Hub Group by 1.8% during the 3rd quarter. Amalgamated Bank now owns 17,597 shares of the transportation company’s stock valued at $606,000 after purchasing an additional 311 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock valued at $44,000 after purchasing an additional 321 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Hub Group by 0.4% during the 2nd quarter. Baird Financial Group Inc. now owns 90,318 shares of the transportation company’s stock valued at $3,019,000 after purchasing an additional 329 shares during the last quarter. Finally, ProShare Advisors LLC boosted its holdings in shares of Hub Group by 3.1% during the 4th quarter. ProShare Advisors LLC now owns 11,631 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 355 shares during the last quarter. Institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

NASDAQ:HUBG opened at $41.46 on Tuesday. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 23.97, a PEG ratio of 1.18 and a beta of 1.26. Hub Group, Inc. has a 1 year low of $32.46 and a 1 year high of $53.26. The business has a 50 day simple moving average of $39.07 and a 200-day simple moving average of $41.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.47 and a quick ratio of 1.47.

Hub Group Dividend Announcement

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

Analyst Ratings Changes

HUBG has been the subject of several research reports. Raymond James Financial reissued an “outperform” rating and set a $48.00 price objective on shares of Hub Group in a report on Wednesday, April 15th. Robert W. Baird set a $29.00 price target on Hub Group and gave the stock a “neutral” rating in a research report on Friday, February 6th. Wells Fargo & Company restated an “equal weight” rating and set a $35.00 price objective (down from $55.00) on shares of Hub Group in a research report on Thursday, March 26th. Benchmark lowered their price objective 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. Finally, Stifel Nicolaus raised their price objective on Hub Group from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Thursday, April 2nd. Seven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Hub Group has a consensus rating of “Hold” and a consensus price target of $43.14.

Hub Group Profile

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.