T. Rowe Price Investment Management Inc. Boosts Stock Holdings in Hub Group, Inc. $HUBG

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Hub Group, Inc. by 6.3% during the first quarter, now owning 935,026 shares valued at approximately $34.8 million.
• Hub Group's last quarterly earnings report indicated an EPS of $0.45, surpassing analyst estimates, although revenue fell 8.2% year-over-year.
• The company announced a quarterly dividend of $0.125, translating to an annual yield of 1.3%, with a payout ratio currently at 30.3%.

T. Rowe Price Investment Management Inc. boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 6.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 935,026 shares of the transportation company's stock after buying an additional 55,206 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.52% of Hub Group worth $34,755,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC increased 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 valued at $32,000 after buying an additional 700 shares during the last quarter. Caitong International Asset Management Co. Ltd increased 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 valued at $52,000 after buying an additional 1,395 shares during the last quarter. TD Private Client Wealth LLC increased its holdings in 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 valued at $67,000 after buying an additional 850 shares during the last quarter. Blue Trust Inc. increased 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 valued at $92,000 after buying an additional 714 shares during the last quarter. Finally, KBC Group NV increased its holdings in Hub Group by 43.3% in the first quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock valued at $137,000 after buying an additional 1,113 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on HUBG shares. 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. Benchmark decreased their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a research note on Wednesday, July 23rd. 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Stock Performance

Shares of HUBG traded up $0.19 during mid-day trading on Friday, hitting $37.50. 76,087 shares of the company's stock were exchanged, compared to its average volume of 588,584. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The firm has a market capitalization of $2.30 billion, a P/E ratio of 22.65, a P/E/G ratio of 1.23 and a beta of 1.12. The business's 50 day moving average is $35.15 and its two-hundred day moving average is $35.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08.

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

Hub Group Dividend Announcement

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