Polar Asset Management Partners Inc. Purchases New Shares in Hub Group, Inc. $HUBG

Polar Asset Management Partners Inc. purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) during the first quarter, HoldingsChannel reports. The fund purchased 39,860 shares of the transportation company’s stock, valued at approximately $1,482,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Hub Group by 2.6% during the first quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company’s stock valued at $11,243,000 after purchasing an additional 7,729 shares in the last quarter. KBC Group NV raised 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 in the last quarter. Blue Trust Inc. raised 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 in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Hub Group during the fourth quarter valued at $206,000. Finally, Raymond James Financial Inc. raised its stake in shares of Hub Group by 14.4% in the first quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company’s stock valued at $8,890,000 after acquiring an additional 30,083 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Trading Up 0.2%

NASDAQ HUBG opened at $37.43 on Friday. The company’s 50-day moving average price is $35.61 and its 200-day moving average price is $35.29. 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 stock has a market cap of $2.29 billion, a PE ratio of 22.68, a PEG ratio of 1.25 and a beta of 1.15. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21.

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

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.3%. The ex-dividend date is Friday, September 12th. Hub Group’s dividend payout ratio is presently 30.30%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HUBG shares. Susquehanna increased their target price 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. JPMorgan Chase & Co. reduced their target price on shares of Hub Group from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Wednesday, July 23rd. Robert W. Baird reduced their target price on shares of Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. Finally, Barclays reduced their target price on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four 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 an average price target 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.