Federated Hermes Inc. Lowers Holdings in Hub Group, Inc. (NASDAQ:HUBG)

Key Points

• Federated Hermes Inc. reduced its stake in Hub Group, Inc. by 30.6%, selling 11,744 shares during the first quarter and retaining a total of 26,587 shares valued at approximately $988,000.
• Hub Group's recent earnings reveal a slight beat on EPS estimates at $0.45, although revenue of $905.65 million fell short of expectations and decreased by 8.2% year-over-year.
• The company declared a quarterly dividend of $0.125 per share, contributing to an annualized yield of 1.4% based on its current payout ratio of 30.30%.

Federated Hermes Inc. decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 26,587 shares of the transportation company's stock after selling 11,744 shares during the period. Federated Hermes Inc.'s holdings in Hub Group were worth $988,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Capital International Investors purchased a new position in Hub Group during the 4th quarter worth $95,105,000. Invesco Ltd. boosted its holdings in Hub Group by 1.3% during the fourth quarter. Invesco Ltd. now owns 1,838,308 shares of the transportation company's stock worth $81,915,000 after purchasing an additional 23,674 shares during the last quarter. Balyasny Asset Management L.P. grew its position in Hub Group by 77.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after purchasing an additional 499,621 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Hub Group by 3.8% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company's stock valued at $39,205,000 after buying an additional 32,334 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC increased its stake in Hub Group by 18.4% in the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 701,978 shares of the transportation company's stock valued at $31,280,000 after buying an additional 109,227 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

Shares of NASDAQ HUBG traded down $0.11 during trading on Friday, reaching $34.58. 409,083 shares of the stock traded hands, compared to its average volume of 592,078. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.36. The stock has a market capitalization of $2.12 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.18 and a beta of 1.12. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21. The company has a 50-day moving average of $34.39 and a 200-day moving average of $36.43.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 EPS 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 was down 8.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 23rd. Hub Group's payout ratio is currently 30.30%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reduced their target price on Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 1st. Benchmark cut their price objective on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research report on Friday, May 9th. Baird R W upgraded Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. TD Cowen lowered their target price 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. Finally, Susquehanna boosted 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. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $40.35.

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.