VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Hub Group, Inc. $HUBG

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Hub Group, Inc. (NASDAQ:HUBG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 28,314 shares of the transportation company’s stock, valued at approximately $947,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Hub Group by 2.6% in the first quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company’s stock valued at $11,243,000 after acquiring an additional 7,729 shares in the last quarter. KBC Group NV lifted its stake in 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 purchasing an additional 1,113 shares during the last quarter. Blue Trust Inc. lifted its stake in 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 purchasing an additional 714 shares during the last quarter. GAMMA Investing LLC lifted its stake in Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after purchasing an additional 850 shares during the last quarter. Finally, Polar Asset Management Partners Inc. acquired a new stake in Hub Group during the first quarter valued at approximately $1,482,000. 46.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Raymond James Financial set a $40.00 target price on shares of Hub Group and gave the company an “outperform” rating in a research note on Tuesday, October 14th. Zacks Research lowered shares of Hub Group from a “hold” rating to a “strong sell” rating in a research note on Monday, October 6th. Susquehanna cut their target price on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, September 24th. Stifel Nicolaus set a $41.00 target price on shares of Hub Group and gave the company a “buy” rating in a research note on Friday, October 3rd. Finally, Barclays cut their price target on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $39.64.

Hub Group Stock Performance

Shares of HUBG opened at $35.17 on Friday. The company’s fifty day moving average is $35.88 and its 200-day moving average is $34.66. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 1.24 and a beta of 1.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same quarter in the prior year, the business posted $0.47 EPS. Hub Group’s quarterly revenue was down 8.2% on a year-over-year basis. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. Equities analysts expect that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 12th. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. Hub Group’s dividend payout ratio is 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.