Federated Hermes Inc. Sells 11,744 Shares of 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 holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 30.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,587 shares of the transportation company's stock after selling 11,744 shares during the quarter. Federated Hermes Inc.'s holdings in Hub Group were worth $988,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital International Investors purchased a new stake in Hub Group in the 4th quarter worth about $95,105,000. Balyasny Asset Management L.P. lifted its stake 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 acquiring an additional 499,621 shares in the last quarter. Hudson Bay Capital Management LP lifted its stake in Hub Group by 1,433.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 185,828 shares of the transportation company's stock worth $8,280,000 after acquiring an additional 173,706 shares in the last quarter. Walleye Capital LLC purchased a new stake in Hub Group in the 4th quarter worth about $7,518,000. Finally, Eisler Capital Management Ltd. purchased a new stake in shares of Hub Group during the 4th quarter worth about $6,177,000. Institutional investors own 46.77% of the company's stock.

Analysts Set New Price Targets

HUBG has been the subject of a number of recent research reports. Barclays cut their price target 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. Baird R W raised Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Benchmark lowered their target price on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. Susquehanna lifted their price objective on Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. dropped their target price on Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Stock Down 0.3%

Shares of HUBG stock traded down $0.11 on Friday, hitting $34.58. 409,083 shares of the stock were exchanged, compared to its average volume of 593,580. The company has a current ratio of 1.42, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.12 billion, a P/E ratio of 20.96, a price-to-earnings-growth ratio of 1.16 and a beta of 1.12. The business has a 50-day moving average of $34.40 and a 200 day moving average of $36.29. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%. The firm had revenue of $905.65 million during the quarter, compared to analysts' expectations of $913.53 million. During the same period in the prior year, the firm posted $0.47 earnings per share. The business's quarterly revenue was down 8.2% compared to the same quarter last year. Equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were paid a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. Hub Group's dividend payout ratio (DPR) is presently 30.30%.

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.