Hsbc Holdings PLC Grows Stock Holdings in Hub Group, Inc. $HUBG

Key Points

• Hsbc Holdings PLC increased its stake in Hub Group, Inc. by 37.5% during the first quarter, now owning 29,093 shares valued at approximately $1,078,000.
• Several analysts have revised their price targets for Hub Group, with JPMorgan lowering its target to $36.00 while Susquehanna increased it to $47.00, resulting in an average target price of $40.35.
• Hub Group reported earnings of $0.45 per share surpassing expectations, yet its revenue of $905.65 million fell short of the consensus estimate, marking an 8.2% decline year-over-year.

Hsbc Holdings PLC increased its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 37.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,093 shares of the transportation company's stock after acquiring an additional 7,940 shares during the quarter. Hsbc Holdings PLC's holdings in Hub Group were worth $1,078,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBG. Nuveen LLC bought a new stake in shares of Hub Group in the 1st quarter valued at about $28,380,000. Fuller & Thaler Asset Management Inc. increased its holdings in Hub Group by 90.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock valued at $46,398,000 after buying an additional 592,443 shares during the period. Balyasny Asset Management L.P. raised its stake in Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock worth $51,133,000 after buying an additional 499,621 shares in the last quarter. Hudson Bay Capital Management LP lifted its holdings in Hub Group by 1,433.0% during the fourth quarter. Hudson Bay Capital Management LP now owns 185,828 shares of the transportation company's stock worth $8,280,000 after buying an additional 173,706 shares during the period. Finally, Eisler Capital Management Ltd. purchased a new stake in Hub Group during the fourth quarter worth $6,177,000. 46.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HUBG shares. Benchmark cut their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. TD Cowen cut 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. Stifel Nicolaus reduced their target price on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. lowered their price target on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Finally, Robert W. Baird cut their price objective on shares of Hub Group from $44.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. One equities 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded up $0.30 on Thursday, hitting $37.35. 502,883 shares of the company were exchanged, compared to its average volume of 535,108. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The stock's 50 day moving average price is $35.54 and its 200 day moving average price is $35.39. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $2.29 billion, a P/E ratio of 22.64, a price-to-earnings-growth ratio of 1.24 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm's revenue was down 8.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, September 12th. 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.