Public Sector Pension Investment Board Acquires 67,396 Shares of Hub Group, Inc. $HUBG

Key Points

• Public Sector Pension Investment Board boosted its stake in Hub Group, Inc. by 44.5%, owning about 0.36% of the company after purchasing an additional 67,396 shares in the first quarter.
• Wall Street analysts have mixed ratings on Hub Group, with a consensus rating of "Moderate Buy" and a price target averaging $40.35, reflecting varied expectations for the stock's performance.
• Hub Group recently reported earnings of $0.45 per share, slightly above estimates, but its revenue decreased by 8.2% compared to the previous year, totaling $905.65 million for the quarter.

Public Sector Pension Investment Board increased its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 44.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 218,865 shares of the transportation company's stock after acquiring an additional 67,396 shares during the period. Public Sector Pension Investment Board owned about 0.36% of Hub Group worth $8,135,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Summit Investment Advisors Inc. increased its stake in Hub Group by 4.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 6,268 shares of the transportation company's stock worth $279,000 after purchasing an additional 287 shares during the period. Synovus Financial Corp increased its stake in shares of Hub Group by 1.5% in the fourth quarter. Synovus Financial Corp now owns 22,618 shares of the transportation company's stock worth $1,008,000 after buying an additional 344 shares during the period. MetLife Investment Management LLC raised its holdings in Hub Group by 1.4% during the 4th quarter. MetLife Investment Management LLC now owns 35,462 shares of the transportation company's stock valued at $1,580,000 after buying an additional 506 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Hub Group by 3.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 13,343 shares of the transportation company's stock valued at $595,000 after buying an additional 506 shares during the period. Finally, Hennion & Walsh Asset Management Inc. increased its position in shares of Hub Group by 5.6% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 10,039 shares of the transportation company's stock valued at $373,000 after acquiring an additional 528 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on HUBG shares. Baird R W upgraded shares of Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective for the company in a report on Wednesday, July 23rd. TD Cowen reduced their target price on Hub Group from $40.00 to $36.00 and set a "hold" rating on the stock in a research note on Friday, May 9th. Susquehanna raised their price target on Hub Group from $46.00 to $47.00 and gave the stock a "positive" rating in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. cut their price target 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 investment 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. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $40.35.

Hub Group Stock Performance

NASDAQ:HUBG traded up $0.77 during mid-day trading on Tuesday, reaching $36.32. The company's stock had a trading volume of 75,285 shares, compared to its average volume of 580,377. 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 stock has a market cap of $2.22 billion, a P/E ratio of 22.00, a PEG ratio of 1.19 and a beta of 1.12. The firm's fifty day moving average price is $34.64 and its two-hundred day moving average price is $35.83. Hub Group, Inc. has a 12-month low of $30.75 and a 12-month high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced 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 firm had revenue of $905.65 million during the quarter, compared to analyst estimates 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 for the quarter was down 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, equities analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 23rd were issued a $0.125 dividend. 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 1.4%. Hub Group's dividend payout ratio 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.