Versor Investments LP Boosts Holdings in Hub Group, Inc. $HUBG

Versor Investments LP boosted its stake in Hub Group, Inc. (NASDAQ:HUBG) by 81.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,600 shares of the transportation company’s stock after acquiring an additional 6,100 shares during the period. Versor Investments LP’s holdings in Hub Group were worth $506,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. boosted its holdings in shares of Hub Group by 4.4% in the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company’s stock valued at $71,330,000 after acquiring an additional 80,718 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of Hub Group by 77.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after acquiring an additional 499,621 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Hub Group by 3.8% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 879,820 shares of the transportation company’s stock valued at $39,205,000 after acquiring an additional 32,334 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of Hub Group by 9.9% in the first quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company’s stock valued at $32,074,000 after acquiring an additional 77,571 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of Hub Group in the first quarter valued at about $28,380,000. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

NASDAQ:HUBG opened at $34.92 on Thursday. The firm has a 50 day simple moving average of $34.71 and a 200-day simple moving average of $35.83. 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 firm has a market cap of $2.14 billion, a PE ratio of 21.16, a P/E/G ratio of 1.21 and a beta of 1.12. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business had revenue of $905.65 million during the quarter, compared to analyst estimates of $913.53 million. During the same quarter in the previous year, the business posted $0.47 earnings per share. The company’s 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. On average, equities analysts expect that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 23rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.50 annualized dividend and a yield of 1.4%. Hub Group’s dividend payout ratio is 30.30%.

Analyst Upgrades and Downgrades

HUBG has been the topic of several analyst reports. Benchmark lowered their target price on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating on the stock in a report on Friday, May 9th. Barclays decreased their price objective on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, May 12th. JPMorgan Chase & Co. decreased their price objective on shares of Hub Group from $39.00 to $36.00 and set a “neutral” rating on the stock in a report on Tuesday, July 8th. Baird R W raised shares of Hub Group to a “strong-buy” rating in a report on Tuesday, July 1st. Finally, Robert W. Baird decreased their price objective on shares of Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. One 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 stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $40.35.

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.