Cramer Rosenthal Mcglynn LLC Cuts Stock 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 cut its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 7.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 largest 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 & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Farther Finance Advisors LLC raised its holdings in shares of 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 buying an additional 700 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 buying an additional 1,395 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after buying an additional 850 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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. Finally, KBC Group NV raised its holdings in shares of Hub Group by 43.3% in the first quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock worth $137,000 after buying an additional 1,113 shares during the last quarter. Institutional investors and hedge funds own 46.77% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Susquehanna raised their price target on shares of Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price target for the company in a research report on Wednesday, July 23rd. TD Cowen decreased their price objective on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Stifel Nicolaus decreased their price objective on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Barclays decreased their price objective on shares of 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. One 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

Hub Group Price Performance

Shares of Hub Group stock traded up $0.53 on Thursday, hitting $37.31. The company's stock had a trading volume of 1,056,379 shares, compared to its average volume of 574,867. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.21. The firm has a fifty day moving average price of $35.15 and a 200-day moving average price of $35.57. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 22.61, a price-to-earnings-growth ratio of 1.23 and a beta of 1.12.

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

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. Hub Group's payout ratio is 30.30%.

About Hub Group

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.