Caxton Associates LLP Buys New Stake in Hub Group, Inc. $HUBG

Key Points

• Caxton Associates LLP has acquired a new position in Hub Group, Inc., purchasing 12,417 shares valued at approximately $462,000.
• Analysts have mixed views on Hub Group, with Deutsche Bank upgrading their rating to "buy" and setting a price target of $41.00, while other institutions have adjusted their ratings and price targets downward.
• The company reported earnings of $0.45 per share, slightly beating expectations, although revenue decreased by 8.2% year-over-year, reaching $905.65 million.

Caxton Associates LLP acquired a new position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,417 shares of the transportation company's stock, valued at approximately $462,000.

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC grew its holdings in Hub Group by 440.3% in the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after purchasing an additional 700 shares during the period. Caitong International Asset Management Co. Ltd boosted its holdings in Hub Group by 139,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after acquiring an additional 1,395 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in Hub Group by 89.9% in the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after purchasing an additional 850 shares in the last quarter. Quarry LP increased its stake in Hub Group by 4,500.0% during the 1st quarter. Quarry LP now owns 1,932 shares of the transportation company's stock valued at $72,000 after purchasing an additional 1,890 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Hub Group by 40.5% in the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock worth $92,000 after buying an additional 714 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on HUBG. JPMorgan Chase & Co. lowered their price target on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Stifel Nicolaus cut their target price on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Susquehanna increased their price target on Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a report on Friday, August 1st. Baird R W raised Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft raised Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a report on Wednesday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Hub Group has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded up $0.11 during mid-day trading on Wednesday, reaching $37.69. 150,896 shares of the company traded hands, compared to its average volume of 585,181. The company's 50 day moving average price is $35.83 and its 200-day moving average price is $35.05. The firm has a market cap of $2.31 billion, a PE ratio of 22.84, a PEG ratio of 1.23 and a beta of 1.15. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.01. The business had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company's revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, equities analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, September 12th. Hub Group's dividend payout ratio is presently 30.30%.

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.