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

Rice Hall James & Associates LLC trimmed its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 1.0% in the second quarter, Holdings Channel.com reports. The firm owned 36,892 shares of the transportation company’s stock after selling 354 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Hub Group were worth $1,588,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in HUBG. Russell Investments Group Ltd. increased its position in Hub Group by 3.3% during the 4th quarter. Russell Investments Group Ltd. now owns 15,185 shares of the transportation company’s stock worth $1,396,000 after purchasing an additional 492 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Hub Group by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 509,104 shares of the transportation company’s stock worth $46,807,000 after purchasing an additional 18,187 shares in the last quarter. Versor Investments LP acquired a new position in Hub Group during the 4th quarter worth approximately $276,000. Dimensional Fund Advisors LP increased its position in Hub Group by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,475,738 shares of the transportation company’s stock worth $227,623,000 after purchasing an additional 50,783 shares in the last quarter. Finally, Norges Bank acquired a new position in Hub Group during the 4th quarter worth approximately $31,439,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Performance

Shares of HUBG stock opened at $43.86 on Thursday. The firm has a 50-day moving average of $44.18 and a 200-day moving average of $42.94. The company has a market cap of $2.73 billion, a P/E ratio of 20.84 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. Hub Group, Inc. has a one year low of $31.73 and a one year high of $48.39.

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, hitting analysts’ consensus estimates of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the company posted $0.72 earnings per share. The firm’s quarterly revenue was down 5.2% compared to the same quarter last year. Equities research analysts forecast that Hub Group, Inc. will post 1.93 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 1.14%. Hub Group’s dividend payout ratio (DPR) is presently 23.75%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. TD Cowen cut shares of Hub Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Stifel Nicolaus decreased their price target 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. UBS Group increased their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Susquehanna decreased their price objective on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.35.

Hub Group Company 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.