Raymond James Financial Inc. Acquires 30,083 Shares of Hub Group, Inc. $HUBG

Key Points

• Raymond James Financial Inc. has increased its stake in Hub Group by 14.4%, owning 239,146 shares worth approximately $8.89 million as of the end of the 1st quarter.
• Several hedge funds significantly boosted their holdings in Hub Group during the quarter, with Farther Finance Advisors LLC increasing its stake by 440.3%.
• Hub Group reported earnings of $0.45 per share for the previous quarter, surpassing estimates, but experienced an 8.2% decline in year-over-year revenue.

Raymond James Financial Inc. increased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 239,146 shares of the transportation company's stock after acquiring an additional 30,083 shares during the quarter. Raymond James Financial Inc. owned approximately 0.39% of Hub Group worth $8,890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vestmark Advisory Solutions Inc. raised its holdings in Hub Group by 22.8% during the first quarter. Vestmark Advisory Solutions Inc. now owns 9,273 shares of the transportation company's stock worth $345,000 after buying an additional 1,722 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in Hub Group by 139,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after buying an additional 1,395 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Hub Group by 9.1% during the first quarter. Russell Investments Group Ltd. now owns 28,489 shares of the transportation company's stock worth $1,059,000 after buying an additional 2,369 shares during the last quarter. HighTower Advisors LLC raised its holdings in Hub Group by 9.9% during the first quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company's stock worth $32,074,000 after buying an additional 77,571 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in Hub Group by 44.5% during the first quarter. Public Sector Pension Investment Board now owns 218,865 shares of the transportation company's stock worth $8,135,000 after buying an additional 67,396 shares during the last quarter. 46.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on HUBG. Benchmark decreased their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a report on Friday, May 9th. Barclays lowered their target price 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. Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price for the company in a report on Wednesday, July 23rd. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Stifel Nicolaus lowered 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. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Hub Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Stock Performance

NASDAQ HUBG traded up $0.08 during trading hours on Friday, reaching $37.43. 384,973 shares of the company were exchanged, compared to its average volume of 544,339. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.21. The business's 50 day simple moving average is $35.61 and its 200-day simple moving average is $35.35. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $2.29 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.25 and a beta of 1.15.

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 analysts' consensus estimates of $0.44 by $0.01. The firm had revenue of $905.65 million for the quarter, compared to analysts' expectations of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The business's revenue for the quarter was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, equities research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.3%. Hub Group's payout ratio is currently 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.