16,076 Shares in Hub Group, Inc. $HUBG Purchased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Hub Group, Inc. (NASDAQ:HUBG) during the second quarter, HoldingsChannel.com reports. The firm purchased 16,076 shares of the transportation company’s stock, valued at approximately $537,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Vident Advisory LLC grew its position in shares of Hub Group by 3.3% in the 1st quarter. Vident Advisory LLC now owns 13,239 shares of the transportation company’s stock worth $492,000 after buying an additional 427 shares during the last quarter. Baird Financial Group Inc. lifted its stake in Hub Group by 0.6% in the first quarter. Baird Financial Group Inc. now owns 89,989 shares of the transportation company’s stock worth $3,345,000 after acquiring an additional 494 shares during the period. Natixis Advisors LLC boosted its holdings in Hub Group by 3.2% in the first quarter. Natixis Advisors LLC now owns 18,471 shares of the transportation company’s stock valued at $687,000 after acquiring an additional 576 shares in the last quarter. EP Wealth Advisors LLC increased its position in Hub Group by 15.5% during the 1st quarter. EP Wealth Advisors LLC now owns 5,785 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 776 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Hub Group by 161.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after purchasing an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

HUBG has been the topic of several research analyst reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Hub Group in a research report on Thursday, November 13th. 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 report on Wednesday, July 23rd. Robert W. Baird cut their price target on Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a research note on Monday, August 4th. Evercore ISI increased their price objective on shares of Hub Group from $37.00 to $38.00 and gave the company an “in-line” rating in a research report on Friday, October 31st. Finally, Barclays reduced their target price on Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus price target of $39.83.

Hub Group Trading Down 1.0%

NASDAQ:HUBG opened at $34.74 on Thursday. The business has a fifty day moving average price of $35.48 and a 200-day moving average price of $35.07. Hub Group, Inc. has a one year low of $30.75 and a one year high of $53.21. 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 capitalization of $2.12 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

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