Nuveen LLC Buys Shares of 763,526 Hub Group, Inc. $HUBG

Nuveen LLC acquired a new position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 763,526 shares of the transportation company's stock, valued at approximately $28,380,000. Nuveen LLC owned 1.24% of Hub Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HUBG. Farther Finance Advisors LLC increased its position in shares of Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company's stock worth $32,000 after acquiring an additional 700 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Hub Group by 89.9% during the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock valued at $67,000 after purchasing an additional 850 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Hub Group by 803.3% during the fourth quarter. Sterling Capital Management LLC now owns 1,888 shares of the transportation company's stock valued at $84,000 after purchasing an additional 1,679 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Hub Group by 40.5% during the first quarter. Blue Trust Inc. now owns 2,478 shares of the transportation company's stock valued at $92,000 after purchasing an additional 714 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Hub Group by 43.3% during the first quarter. KBC Group NV now owns 3,681 shares of the transportation company's stock valued at $137,000 after purchasing an additional 1,113 shares in the last quarter. 46.77% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on HUBG shares. TD Cowen lowered their target price on shares of Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. Barclays reduced their target price on shares of Hub Group from $45.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Susquehanna raised their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a report on Tuesday, July 8th. Finally, Stifel Nicolaus cut their price objective on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a report on Friday, August 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $40.35.

Hub Group Price Performance

Shares of NASDAQ HUBG traded up $2.21 during trading on Friday, hitting $37.44. The company had a trading volume of 110,619 shares, compared to its average volume of 576,245. The stock has a fifty day simple moving average of $34.74 and a two-hundred day simple moving average of $35.77. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 22.69, a price-to-earnings-growth ratio of 1.17 and a beta of 1.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its earnings results 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. 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 for the quarter, compared to analyst estimates of $913.53 million. During the same quarter last year, the business earned $0.47 earnings per share. The company'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. On average, research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were given a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Hub Group's dividend payout ratio (DPR) is 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.