Polar Asset Management Partners Inc. Takes $1.48 Million Position in Hub Group, Inc. $HUBG

Key Points

• Polar Asset Management Partners Inc. has acquired a new stake of approximately $1.48 million in Hub Group, Inc., owning about 0.06% of the company following its 1st quarter SEC filing.
• Hub Group recently announced a quarterly dividend of $0.125, with a dividend yield of 1.3%, to be paid on September 24th to stockholders of record.
• Analysts hold a consensus rating of "Moderate Buy" for Hub Group, with target prices ranging from $36.00 to $47.00, reflecting varied approaches on the stock's future performance.

Polar Asset Management Partners Inc. bought a new stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 39,860 shares of the transportation company's stock, valued at approximately $1,482,000. Polar Asset Management Partners Inc. owned approximately 0.06% of Hub Group at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of HUBG. Northern Trust Corp raised its stake in shares of Hub Group by 6.8% during the fourth quarter. Northern Trust Corp now owns 625,715 shares of the transportation company's stock valued at $27,882,000 after acquiring an additional 40,059 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of Hub Group by 8.0% during the fourth quarter. Baird Financial Group Inc. now owns 89,495 shares of the transportation company's stock valued at $3,988,000 after acquiring an additional 6,601 shares during the last quarter. Brevan Howard Capital Management LP raised its stake in shares of Hub Group by 46.4% during the fourth quarter. Brevan Howard Capital Management LP now owns 7,525 shares of the transportation company's stock valued at $335,000 after acquiring an additional 2,386 shares during the last quarter. EP Wealth Advisors LLC bought a new position in shares of Hub Group during the fourth quarter valued at $223,000. Finally, Deutsche Bank AG raised its stake in shares of Hub Group by 36.9% during the fourth quarter. Deutsche Bank AG now owns 66,318 shares of the transportation company's stock valued at $2,955,000 after acquiring an additional 17,865 shares during the last quarter. Institutional investors own 46.77% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on HUBG shares. JPMorgan Chase & Co. dropped their price target on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price target for the company in a research note on Wednesday, July 23rd. Susquehanna lifted their target price 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. Stifel Nicolaus lowered their target price on shares of Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Finally, Baird R W raised shares of Hub Group to a "strong-buy" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

Hub Group Stock Down 2.6%

Shares of NASDAQ HUBG traded down $0.98 during mid-day trading on Friday, reaching $36.43. 103,219 shares of the company's stock traded hands, compared to its average volume of 585,173. The stock has a market cap of $2.23 billion, a P/E ratio of 22.08, a PEG ratio of 1.21 and a beta of 1.15. The business has a 50-day simple moving average of $35.75 and a 200 day simple moving average of $35.18. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.01. The firm 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 company earned $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm 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 dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Friday, September 12th. Hub Group's dividend payout ratio (DPR) is currently 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.