Trexquant Investment LP Raises Position in Hub Group, Inc. $HUBG

Key Points

• Trexquant Investment LP increased its stake in Hub Group, Inc. by 46.8% in Q1, owning 51,157 shares valued at approximately $1.90 million as of the latest SEC filing.
• Hub Group reported $0.45 earnings per share for the quarter, exceeding expectations, but its quarterly revenue fell 8.2% year-over-year.
• The company recently declared a quarterly dividend of $0.125 per share, representing an annualized dividend yield of 1.3% with a payout ratio of 30.30%.

Trexquant Investment LP raised its stake in Hub Group, Inc. (NASDAQ:HUBG - Free Report) by 46.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 51,157 shares of the transportation company's stock after buying an additional 16,303 shares during the period. Trexquant Investment LP owned about 0.08% of Hub Group worth $1,902,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Invesco Ltd. grew its position in shares of Hub Group by 4.4% in the 1st quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company's stock valued at $71,330,000 after buying an additional 80,718 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of 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. T. Rowe Price Investment Management Inc. grew its position in shares of Hub Group by 6.3% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 935,026 shares of the transportation company's stock valued at $34,755,000 after buying an additional 55,206 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Hub Group by 9.9% in the 1st quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company's stock valued at $32,074,000 after buying an additional 77,571 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Hub Group in the 1st quarter valued at about $28,380,000. Institutional investors own 46.77% of the company's stock.

Hub Group Stock Down 0.7%

HUBG stock traded down $0.24 during trading on Wednesday, reaching $36.17. 618,262 shares of the stock were exchanged, compared to its average volume of 542,339. The firm's 50 day moving average is $35.71 and its 200 day moving average is $35.21. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. 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 firm has a market cap of $2.21 billion, a P/E ratio of 21.92, a price-to-earnings-growth ratio of 1.22 and a beta of 1.15.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share 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 business had revenue of $905.65 million for the quarter, compared to the consensus estimate of $913.53 million. During the same period in the prior year, the business earned $0.47 EPS. The firm's revenue for the quarter was down 8.2% on a year-over-year basis. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Friday, September 12th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Hub Group's dividend payout ratio is 30.30%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on HUBG shares. Stifel Nicolaus dropped their price objective on Hub Group from $46.00 to $45.00 and set a "buy" rating on the stock in a research note on Friday, August 1st. Robert W. Baird dropped their price objective on Hub Group from $44.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, August 4th. Susquehanna boosted their price objective on Hub Group from $46.00 to $47.00 and gave the company a "positive" rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft raised Hub Group from a "hold" rating to a "buy" rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. dropped their price objective on Hub Group from $39.00 to $36.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 8th. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.