VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Stake in Hub Group, Inc. $HUBG

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in Hub Group, Inc. (NASDAQ:HUBG) during the second quarter, Holdings Channel reports. The firm bought 28,314 shares of the transportation company’s stock, valued at approximately $947,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of HUBG. Nuveen LLC acquired a new position in Hub Group in the 1st quarter valued at $28,380,000. Fuller & Thaler Asset Management Inc. grew its stake in Hub Group by 90.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock valued at $46,398,000 after buying an additional 592,443 shares during the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Hub Group by 1,073.5% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 156,577 shares of the transportation company’s stock valued at $5,820,000 after buying an additional 143,234 shares during the last quarter. Edgestream Partners L.P. grew its stake in Hub Group by 184.7% in the 1st quarter. Edgestream Partners L.P. now owns 210,420 shares of the transportation company’s stock valued at $7,821,000 after buying an additional 136,522 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its stake in Hub Group by 585.6% in the 1st quarter. Teacher Retirement System of Texas now owns 136,935 shares of the transportation company’s stock valued at $5,090,000 after buying an additional 116,963 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of Hub Group in a research note on Wednesday, October 8th. Weiss Ratings raised shares of Hub Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. Baird R W raised shares of Hub Group to a “strong-buy” rating in a report on Tuesday, July 1st. Barclays reduced their price target on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. Finally, Robert W. Baird reduced their price target on shares of Hub Group from $44.00 to $42.00 and set an “outperform” rating for the company in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $39.64.

Hub Group Price Performance

NASDAQ:HUBG opened at $35.17 on Friday. The company has a 50-day moving average of $35.88 and a 200-day moving average of $34.66. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.24 and a beta of 1.12. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data 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 company had revenue of $905.65 million during the quarter, compared to the consensus estimate of $913.53 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The firm’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. Hub Group has set its FY 2025 guidance at 1.800-2.050 EPS. As a group, equities research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Hub Group’s dividend payout ratio (DPR) is presently 30.30%.

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.