Raymond James Financial Inc. Purchases 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. lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 14.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 239,146 shares of the transportation company's stock after purchasing an additional 30,083 shares during the quarter. Raymond James Financial Inc. owned about 0.39% of Hub Group worth $8,890,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in Hub Group by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company's stock valued at $11,243,000 after acquiring an additional 7,729 shares in the last quarter. KBC Group NV lifted its position in 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 acquiring an additional 1,113 shares in the last quarter. Blue Trust Inc. lifted its position in Hub Group by 40.5% in the 1st quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after acquiring an additional 714 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Hub Group in the 4th quarter valued at about $206,000. Finally, Oppenheimer Asset Management Inc. lifted its position in Hub Group by 19.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,868 shares of the transportation company's stock valued at $292,000 after acquiring an additional 1,258 shares in the last quarter. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

Hub Group stock traded down $0.01 during mid-day trading on Wednesday, reaching $37.05. The company's stock had a trading volume of 568,383 shares, compared to its average volume of 591,528. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21. The company has a market capitalization of $2.27 billion, a P/E ratio of 22.45, a PEG ratio of 1.25 and a beta of 1.15. 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 fifty day moving average price is $35.39 and its two-hundred day moving average price is $35.41.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $913.53 million. During the same period in the previous year, the business earned $0.47 EPS. Hub Group's 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. Sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, September 12th. Hub Group's dividend payout ratio (DPR) is presently 30.30%.

Wall Street Analyst Weigh In

Several research firms have commented on HUBG. Robert W. Baird dropped their target price 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. Stifel Nicolaus dropped their target price on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Baird R W raised shares of Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. TD Cowen dropped their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, May 9th. Finally, Barclays dropped their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

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.