Hub Group, Inc. $HUBG Position Trimmed by Amundi

Key Points

• Amundi has reduced its stake in Hub Group, Inc. by 18.2%, selling 8,731 shares, leaving it with 39,312 shares valued at approximately $1.33 million.
• Hub Group reported $0.45 earnings per share for the most recent quarter, exceeding expectations of $0.44, but its revenue decreased by 8.2% year over year.
• The company declared a quarterly dividend of $0.125, translating to an annual yield of 1.4%, with the payment scheduled for September 24th.

Amundi reduced its position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 18.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,312 shares of the transportation company's stock after selling 8,731 shares during the period. Amundi owned approximately 0.06% of Hub Group worth $1,334,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vident Advisory LLC raised its stake in shares of Hub Group by 3.3% in the 1st quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company's stock valued at $492,000 after purchasing an additional 427 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Hub Group by 0.6% in the 1st quarter. Baird Financial Group Inc. now owns 89,989 shares of the transportation company's stock valued at $3,345,000 after purchasing an additional 494 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of Hub Group by 3.9% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 13,343 shares of the transportation company's stock valued at $595,000 after purchasing an additional 506 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of Hub Group by 5.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 10,039 shares of the transportation company's stock valued at $373,000 after purchasing an additional 528 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in shares of Hub Group by 3.2% in the 1st quarter. Natixis Advisors LLC now owns 18,471 shares of the transportation company's stock valued at $687,000 after purchasing an additional 576 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

Shares of Hub Group stock traded up $0.33 on Thursday, hitting $37.14. The company had a trading volume of 722,671 shares, compared to its average volume of 628,939. The business has a 50-day simple moving average of $35.87 and a 200-day simple moving average of $35.04. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market cap of $2.27 billion, a PE ratio of 22.51, a PEG ratio of 1.23 and a beta of 1.15. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $905.65 million during the quarter, compared to analysts' expectations of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business's revenue was down 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

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

Analyst Upgrades and Downgrades

HUBG has been the topic of several research reports. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. Susquehanna increased their price objective on shares of Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Robert W. Baird dropped 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 note on Monday, August 4th. JPMorgan Chase & Co. dropped their price objective on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 23rd. One investment 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 stock. According to data from MarketBeat, Hub Group has an average rating of "Moderate Buy" and a consensus price target of $40.35.

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.