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 grew its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 37.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in shares of Hub Group by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company's stock worth $11,243,000 after purchasing an additional 7,729 shares during the period. KBC Group NV grew its stake in shares of Hub Group by 43.3% in the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock valued at $137,000 after purchasing an additional 1,113 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Hub Group by 40.5% during the 1st quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock worth $92,000 after buying an additional 714 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hub Group during the 4th quarter worth approximately $206,000. Finally, Raymond James Financial Inc. grew its holdings in Hub Group by 14.4% in the first quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company's stock valued at $8,890,000 after purchasing an additional 30,083 shares during the period. Hedge funds and other institutional investors own 46.77% of the company's stock.

Hub Group Stock Down 1.0%

HUBG stock traded down $0.36 during mid-day trading on Tuesday, hitting $37.06. 443,694 shares of the company were exchanged, compared to its average volume of 591,667. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The firm's 50 day simple moving average is $35.32 and its 200 day simple moving average is $35.40. The firm has a market cap of $2.27 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.25 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly 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. The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The business's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, September 12th. Hub Group's payout ratio is presently 30.30%.

Analysts Set New Price Targets

HUBG has been the subject of a number of analyst reports. TD Cowen decreased their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a report on Friday, May 9th. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. 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 for the company in a report on Friday, May 9th. 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 report 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

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.