Strs Ohio Acquires Shares of 23,000 Hub Group, Inc. $HUBG

Key Points

• Strs Ohio invested approximately $855,000 for a new position in 23,000 shares of Hub Group, Inc. as per their latest SEC filing.
• Hub Group's stock has an average rating of "Moderate Buy" among analysts, with a consensus price target of $40.35.
• The company has announced a quarterly dividend of $0.125 per share, with a dividend yield of 1.4%, set to be paid on September 24th.

Strs Ohio acquired 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 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,000 shares of the transportation company's stock, valued at approximately $855,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC raised its stake in 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 in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of Hub Group by 139,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,395 shares during the period. TD Private Client Wealth LLC raised its position in shares of Hub Group by 89.9% during the 1st quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company's stock worth $67,000 after purchasing an additional 850 shares during the period. Quarry LP raised its position in shares of Hub Group by 4,500.0% during the 1st quarter. Quarry LP now owns 1,932 shares of the transportation company's stock worth $72,000 after purchasing an additional 1,890 shares during the period. Finally, Blue Trust Inc. raised its position 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 worth $92,000 after purchasing an additional 714 shares during the period. Institutional investors and hedge funds own 46.77% of the company's stock.

Analyst Ratings Changes

HUBG has been the topic of a number of research reports. Stifel Nicolaus dropped their price target on Hub Group from $46.00 to $45.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Robert W. Baird lowered their target price on Hub Group from $44.00 to $42.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Deutsche Bank Aktiengesellschaft upgraded Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a research report on Wednesday, July 23rd. Baird R W upgraded Hub Group to a "strong-buy" rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. lowered their target price on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, Hub Group has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

Hub Group Stock Up 1.7%

NASDAQ HUBG traded up $0.61 during trading on Tuesday, hitting $35.84. 9,918 shares of the company traded hands, compared to its average volume of 594,373. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The business has a fifty day simple moving average of $35.88 and a 200 day simple moving average of $34.93. 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 company has a market capitalization of $2.19 billion, a P/E ratio of 21.72, a PEG ratio of 1.19 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last issued its quarterly 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 company had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm's revenue was down 8.2% compared to the same quarter last year. During the same period last year, the business posted $0.47 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, sell-side analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Friday, September 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. 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.