Cambiar Investors LLC Sells 7,747 Shares of Hub Group, Inc. $HUBG

Key Points

• Cambiar Investors LLC reduced its stake in Hub Group, Inc. by 16.5%, now owning 39,288 shares valued at approximately $1.46 million.
• Hub Group reported earnings of $0.45 per share for the last quarter, beating analysts' expectations of $0.44, but its revenue was down 8.2% compared to the previous year.
• Recent analyst ratings for Hub Group have varied, with Deutsche Bank upgrading its rating to a "buy", while others adjusted target prices down; overall, the stock holds an average rating of "Moderate Buy".

Cambiar Investors LLC cut its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 16.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,288 shares of the transportation company's stock after selling 7,747 shares during the period. Cambiar Investors LLC owned approximately 0.06% of Hub Group worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. grew its stake in shares of Hub Group by 14.4% in the 1st quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company's stock valued at $8,890,000 after buying an additional 30,083 shares during the period. Vestmark Advisory Solutions Inc. grew its stake in shares of Hub Group by 22.8% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 9,273 shares of the transportation company's stock valued at $345,000 after buying an additional 1,722 shares during the period. Caitong International Asset Management Co. Ltd grew its stake in shares of Hub Group by 139,500.0% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock valued at $52,000 after buying an additional 1,395 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Hub Group by 9.1% in the 1st quarter. Russell Investments Group Ltd. now owns 28,489 shares of the transportation company's stock valued at $1,059,000 after buying an additional 2,369 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of Hub Group by 9.9% in the 1st quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company's stock valued at $32,074,000 after buying an additional 77,571 shares during the period. 46.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. TD Cowen reduced their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. 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 research note on Friday, August 1st. Barclays dropped their price target 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. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price target on the stock in a research report on Wednesday, July 23rd. Finally, Baird R W raised shares of Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. One equities research 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 company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.35.

Hub Group Stock Performance

Shares of NASDAQ:HUBG traded up $2.25 during mid-day trading on Friday, reaching $37.48. The company had a trading volume of 683,568 shares, compared to its average volume of 527,117. 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 cap of $2.29 billion, a price-to-earnings ratio of 22.72, a PEG ratio of 1.18 and a beta of 1.12. The company's 50-day moving average price is $34.83 and its 200-day moving average price is $35.73. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. The company had revenue of $905.65 million for 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%. Hub Group's revenue was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, equities research analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. Hub Group's payout ratio 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.