Vest Financial LLC Decreases Stake in Hub Group, Inc. $HUBG

Vest Financial LLC cut its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 17.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 43,222 shares of the transportation company’s stock after selling 8,856 shares during the quarter. Vest Financial LLC’s holdings in Hub Group were worth $1,445,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in HUBG. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Hub Group during the fourth quarter valued at approximately $206,000. Farther Finance Advisors LLC increased its stake in shares of Hub Group by 440.3% during the first quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company’s stock valued at $32,000 after buying an additional 700 shares during the period. Cardinal Capital Management increased its stake in shares of Hub Group by 4.8% during the first quarter. Cardinal Capital Management now owns 48,580 shares of the transportation company’s stock valued at $1,806,000 after buying an additional 2,206 shares during the period. Blue Trust Inc. increased its stake in shares of 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 buying an additional 714 shares during the period. Finally, Illumine Investment Management LLC increased its stake in shares of Hub Group by 7.2% during the first quarter. Illumine Investment Management LLC now owns 15,142 shares of the transportation company’s stock valued at $563,000 after buying an additional 1,016 shares during the period. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Trading Up 3.3%

Hub Group stock opened at $34.77 on Wednesday. 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 business’s fifty day simple moving average is $35.76 and its two-hundred day simple moving average is $34.61. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.12.

Hub Group (NASDAQ:HUBG) last released its 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 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 previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, equities analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Hub Group’s payout ratio is 30.30%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Evercore ISI set a $37.00 target price on Hub Group and gave the company an “in-line” rating in a research note on Tuesday, September 30th. UBS Group reissued a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a research note on Friday. Barclays reduced their target price on Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Susquehanna reduced their price target on Hub Group from $47.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft raised Hub Group from a “hold” rating to a “buy” rating and set a $41.00 price target on the stock in a research note on Wednesday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $39.64.

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.