Hub Group, Inc. $HUBG Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in Hub Group by 4.4% during Q1, now owning approximately 3.12% of the company worth $71.33 million after acquiring 80,718 additional shares.
• Several hedge funds significantly boosted their holdings in Hub Group, with Farther Finance Advisors LLC increasing their stake by 440.3% in the same quarter.
• Hub Group's recent earnings report showed a slight decline in revenue compared to last year, reporting $0.45 earnings per share, which exceeded analysts' estimates.

Invesco Ltd. grew its position in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 4.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,919,026 shares of the transportation company's stock after purchasing an additional 80,718 shares during the period. Invesco Ltd. owned 3.12% of Hub Group worth $71,330,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake 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 last quarter. KBC Group NV boosted its stake in shares of Hub Group by 43.3% during the 1st quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock worth $137,000 after purchasing an additional 1,113 shares during the last quarter. Blue Trust Inc. boosted 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 purchasing an additional 714 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Hub Group during the 4th quarter worth about $206,000. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of Hub Group by 19.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 7,868 shares of the transportation company's stock worth $292,000 after purchasing an additional 1,258 shares during the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Hub Group Trading Up 0.9%

Shares of HUBG stock traded up $0.31 during trading hours on Thursday, hitting $35.23. 343,062 shares of the company were exchanged, compared to its average volume of 543,546. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.21. The firm has a fifty day moving average of $34.74 and a 200 day moving average of $35.77. 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 firm has a market cap of $2.16 billion, a PE ratio of 21.35, a PEG ratio of 1.17 and a beta of 1.12.

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, beating the consensus estimate of $0.44 by $0.01. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same quarter last year, the firm posted $0.47 earnings per share. Hub Group's revenue for the quarter 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. Analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.4%. Hub Group's dividend payout ratio (DPR) is presently 30.30%.

Analyst Ratings Changes

Several equities research analysts have issued reports on HUBG shares. Barclays decreased 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 note on Monday, May 12th. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Benchmark cut their price objective on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. 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 report on Friday, August 1st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. One 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's stock. According to data from MarketBeat.com, Hub Group presently has a consensus rating of "Moderate Buy" and an average target price 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.