Synovus Financial Corp Acquires 6,933 Shares of Hub Group, Inc. $HUBG

Key Points

• Synovus Financial Corp increased its stake in Hub Group, Inc. by 30.7%, acquiring an additional 6,933 shares to bring its total to 29,551 shares worth approximately $1,098,000.
• Hub Group reported a quarterly EPS of $0.45, slightly exceeding analyst expectations, though revenue of $905.65 million fell short of the consensus forecast.
• The company announced a quarterly dividend of $0.125, representing an annualized dividend yield of 1.4% and a payout ratio of 30.30%.

Synovus Financial Corp boosted its holdings in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 30.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,551 shares of the transportation company's stock after buying an additional 6,933 shares during the quarter. Synovus Financial Corp's holdings in Hub Group were worth $1,098,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HUBG. Nuveen LLC bought a new position in Hub Group in the 1st quarter valued at approximately $28,380,000. Fuller & Thaler Asset Management Inc. raised its holdings in Hub Group by 90.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company's stock valued at $46,398,000 after buying an additional 592,443 shares during the last quarter. Balyasny Asset Management L.P. raised its holdings in Hub Group by 77.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company's stock valued at $51,133,000 after buying an additional 499,621 shares during the last quarter. Hudson Bay Capital Management LP raised its holdings in Hub Group by 1,433.0% in the 4th quarter. Hudson Bay Capital Management LP now owns 185,828 shares of the transportation company's stock valued at $8,280,000 after buying an additional 173,706 shares during the last quarter. Finally, Eisler Capital Management Ltd. bought a new position in Hub Group in the 4th quarter valued at approximately $6,177,000. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $36.78 on Thursday. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $35.06 and a 200-day moving average of $35.60.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $905.65 million during the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company's quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. 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 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, June 23rd. Hub Group's dividend payout ratio (DPR) is currently 30.30%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Susquehanna raised their price objective on shares of Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a report on Friday, August 1st. Benchmark decreased their target price on shares of Hub Group from $40.00 to $33.13 and set a "buy" rating for the company in a research report on Friday, May 9th. JPMorgan Chase & Co. decreased their target price on shares of Hub Group from $39.00 to $36.00 and set a "neutral" rating for the company in a research report on Tuesday, July 8th. Barclays decreased 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 research report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price for the company in a research report on Wednesday, July 23rd. One equities research 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $40.35.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.