Quantbot Technologies LP Acquires New Shares in Hub Group, Inc. $HUBG

Key Points

• Quantbot Technologies LP has acquired 37,858 shares of Hub Group, Inc., valued at approximately $1.4 million, representing about 0.06% ownership as of their latest filing.
• Analysts have downgraded their price targets for Hub Group, with TD Cowen lowering theirs from $40 to $36 and Robert W. Baird from $44 to $42, though one analyst maintains a "Strong Buy" rating.
• Hub Group reported earnings of $0.45 per share for the last quarter, surpassing expectations, but experienced an 8.2% decline in revenue year-over-year, totaling $905.65 million.

Quantbot Technologies LP bought a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,858 shares of the transportation company's stock, valued at approximately $1,407,000. Quantbot Technologies LP owned about 0.06% of Hub Group as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC boosted 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 valued at $32,000 after buying an additional 700 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Hub Group by 139,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock valued at $52,000 after buying an additional 1,395 shares during the last quarter. TD Private Client Wealth LLC boosted its position 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 buying an additional 850 shares during the last quarter. Blue Trust Inc. boosted its position 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 buying an additional 714 shares during the last quarter. Finally, KBC Group NV boosted its position 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 buying an additional 1,113 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Susquehanna lifted their target price on Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a research report on Friday, August 1st. JPMorgan Chase & Co. dropped their price target on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a report on Tuesday, July 8th. Barclays dropped their price target on Hub Group from $45.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, May 12th. Baird R W upgraded Hub Group to a "strong-buy" rating in a report on Tuesday, July 1st. Finally, Benchmark dropped their price target on Hub Group from $40.00 to $33.13 and set a "buy" rating on the stock in a report on Friday, May 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.35.

Hub Group Stock Performance

Shares of HUBG traded up $0.21 during mid-day trading on Thursday, hitting $36.99. The stock had a trading volume of 350,836 shares, compared to its average volume of 587,262. The firm has a market cap of $2.26 billion, a P/E ratio of 22.38, a PEG ratio of 1.24 and a beta of 1.12. The business has a fifty day moving average price of $35.06 and a 200-day moving average price of $35.60. 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, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued 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. The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The business's revenue was down 8.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, equities research analysts expect that Hub Group, Inc. will post 2.2 EPS for the current 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 paid a $0.125 dividend. The ex-dividend date was Monday, June 23rd. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. Hub Group's payout ratio is presently 30.30%.

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.