Cramer Rosenthal Mcglynn LLC Decreases Position in Hub Group, Inc. $HUBG

Key Points

• Cramer Rosenthal Mcglynn LLC reduced its stake in Hub Group, Inc. (NASDAQ:HUBG) by 7.2%, now holding approximately $24.23 million in shares.
• Hub Group reported earnings of $0.45 EPS for the last quarter, slightly exceeding analyst expectations, but its revenue decreased by 8.2% year-over-year.
• Analysts have mixed views on HUBG, with target prices ranging from $33.13 to $40.00 and a consensus rating of "Moderate Buy".

Cramer Rosenthal Mcglynn LLC lessened its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 7.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 651,726 shares of the transportation company's stock after selling 50,252 shares during the period. Hub Group accounts for about 1.7% of Cramer Rosenthal Mcglynn LLC's portfolio, making the stock its 24th biggest position. Cramer Rosenthal Mcglynn LLC owned about 1.06% of Hub Group worth $24,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of HUBG. MetLife Investment Management LLC increased its stake in shares of Hub Group by 1.4% in the 4th quarter. MetLife Investment Management LLC now owns 35,462 shares of the transportation company's stock valued at $1,580,000 after purchasing an additional 506 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Hub Group by 250.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,830 shares of the transportation company's stock valued at $572,000 after purchasing an additional 9,169 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of Hub Group by 369.2% during the 4th quarter. Susquehanna International Group LLP now owns 67,151 shares of the transportation company's stock valued at $2,992,000 after purchasing an additional 52,839 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Hub Group in the fourth quarter worth approximately $469,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Hub Group by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 50,809 shares of the transportation company's stock worth $2,265,000 after acquiring an additional 4,863 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Barclays lowered their price objective on Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, May 12th. Robert W. Baird lowered their target price on Hub Group from $44.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. TD Cowen decreased their price objective on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Baird R W upgraded Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a research report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Stock Up 0.3%

HUBG stock traded up $0.11 on Friday, reaching $37.42. 722,801 shares of the company traded hands, compared to its average volume of 585,830. Hub Group, Inc. has a one year low of $30.75 and a one year 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. The company has a market cap of $2.29 billion, a P/E ratio of 22.68, a price-to-earnings-growth ratio of 1.25 and a beta of 1.12. The firm has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $35.54.

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

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. Hub Group's dividend payout ratio is currently 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.