Hub Group, Inc. $HUBG Stock Position Raised by Synovus Financial Corp

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 lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 30.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,551 shares of the transportation company's stock after purchasing an additional 6,933 shares during the quarter. Synovus Financial Corp's holdings in Hub Group were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. MetLife Investment Management LLC increased its position in Hub Group by 1.4% in the fourth quarter. MetLife Investment Management LLC now owns 35,462 shares of the transportation company's stock worth $1,580,000 after buying an additional 506 shares during the period. Susquehanna International Group LLP grew its position in shares of Hub Group by 369.2% during the fourth quarter. Susquehanna International Group LLP now owns 67,151 shares of the transportation company's stock worth $2,992,000 after acquiring an additional 52,839 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Hub Group by 10.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 50,809 shares of the transportation company's stock worth $2,265,000 after acquiring an additional 4,863 shares during the period. Northern Trust Corp lifted its position in Hub Group by 6.8% in the 4th quarter. Northern Trust Corp now owns 625,715 shares of the transportation company's stock valued at $27,882,000 after purchasing an additional 40,059 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC boosted its stake in Hub Group by 22.3% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 499,103 shares of the transportation company's stock valued at $22,240,000 after purchasing an additional 91,124 shares during the period. Institutional investors and hedge funds own 46.77% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on HUBG. Susquehanna raised their price target on shares of Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Baird R W raised Hub Group to a "strong-buy" rating in a report on Tuesday, July 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. Stifel Nicolaus reduced their price target on Hub Group from $46.00 to $45.00 and set a "buy" rating for the company in a research report on Friday, August 1st. Finally, TD Cowen decreased their price target on Hub Group from $40.00 to $36.00 and set a "hold" rating for the company in a research note on Friday, May 9th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.

Hub Group Price Performance

Shares of HUBG traded down $0.36 during midday trading on Tuesday, reaching $37.06. The stock had a trading volume of 443,694 shares, compared to its average volume of 537,968. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $2.27 billion, a P/E ratio of 22.46, a P/E/G ratio of 1.25 and a beta of 1.15. The firm's 50 day moving average price is $35.39 and its 200-day moving average price is $35.41. 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 released its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.44 by $0.01. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same period in the previous year, the company earned $0.47 earnings per share. Hub Group's revenue was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. On average, analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Friday, September 12th. Hub Group's payout ratio is presently 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.