Invesco Ltd. Cuts Stock Holdings in Hub Group, Inc. $HUBG

Invesco Ltd. trimmed its stake in Hub Group, Inc. (NASDAQ:HUBG) by 2.0% during the 2nd quarter, Holdings Channel reports. The firm owned 1,880,971 shares of the transportation company’s stock after selling 38,055 shares during the quarter. Invesco Ltd.’s holdings in Hub Group were worth $62,881,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HUBG. GAMMA Investing LLC raised its position in shares of Hub Group by 161.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after buying an additional 850 shares in the last quarter. Polar Asset Management Partners Inc. bought a new position in Hub Group in the first quarter valued at $1,482,000. Raymond James Financial Inc. raised its position in Hub Group by 14.4% during the first quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company’s stock valued at $8,890,000 after purchasing an additional 30,083 shares in the last quarter. Capital Fund Management S.A. lifted its stake in Hub Group by 87.2% during the second quarter. Capital Fund Management S.A. now owns 67,468 shares of the transportation company’s stock worth $2,255,000 after purchasing an additional 31,423 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its stake in Hub Group by 7.4% during the second quarter. State of Alaska Department of Revenue now owns 36,140 shares of the transportation company’s stock worth $1,207,000 after purchasing an additional 2,480 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HUBG. Stifel Nicolaus set a $41.00 price objective on Hub Group and gave the company a “buy” rating in a research report on Friday, October 3rd. BMO Capital Markets increased their price target on shares of Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Hub Group in a research note on Monday. UBS Group reaffirmed a “neutral” rating and issued a $38.00 price objective (up previously from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Finally, Barclays reduced their target price 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. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, Hub Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.79.

Hub Group Stock Up 4.3%

Shares of Hub Group stock opened at $43.19 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.47 and a current ratio of 1.47. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $50.87. The company’s 50 day moving average price is $36.58 and its 200-day moving average price is $35.61. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 24.97, a P/E/G ratio of 1.44 and a beta of 1.16.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $934.50 million during the quarter, compared to analysts’ expectations of $937.78 million. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The firm’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Equities research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be paid a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.50 annualized dividend and a dividend yield of 1.2%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

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.