Magnetar Financial LLC Makes New $523,000 Investment in Hub Group, Inc. $HUBG

Key Points

• Magnetar Financial LLC has acquired a new position in Hub Group, purchasing 14,060 shares valued at approximately $523,000 during the 1st quarter of the year.
• Hub Group reported earnings of $0.45 EPS for the last quarter, beating estimates, but experienced an 8.2% decline in revenue year-over-year.
• The company has set its FY 2025 EPS guidance at between $1.800 and $2.050, and continues to maintain a moderate buy rating from analysts.

Magnetar Financial LLC bought a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,060 shares of the transportation company's stock, valued at approximately $523,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. grew its position 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 valued at $11,243,000 after acquiring an additional 7,729 shares during the period. KBC Group NV lifted 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 valued at $137,000 after buying an additional 1,113 shares in the last quarter. Blue Trust Inc. lifted 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 valued at $92,000 after buying an additional 714 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Hub Group during the 4th quarter valued at approximately $206,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Hub Group by 14.4% during 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 in the last quarter. 46.77% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HUBG. Benchmark lowered their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a research note 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 on the stock in a research note on Monday, May 12th. TD Cowen lowered 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 note on Friday, May 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a research note on Wednesday, July 23rd. Finally, Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Trading Up 0.2%

Shares of HUBG stock traded up $0.08 on Friday, hitting $37.43. 384,024 shares of the company's stock traded hands, compared to its average volume of 588,708. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.21. The company's fifty day simple moving average is $35.54 and its 200 day simple moving average is $35.39. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of 22.68, a P/E/G ratio of 1.24 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last released its 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 company 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 earned $0.47 EPS. The firm's quarterly 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. Equities analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

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 dividend on an annualized basis 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 30.30%.

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.