First Citizens Bank & Trust Co. Makes New $381,000 Investment in Hub Group, Inc. $HUBG

First Citizens Bank & Trust Co. purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,383 shares of the transportation company’s stock, valued at approximately $381,000.

Several other institutional investors have also made changes to their positions in HUBG. Nuveen LLC acquired a new stake in shares of Hub Group during the first quarter worth approximately $28,380,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Hub Group by 90.3% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock worth $46,398,000 after purchasing an additional 592,443 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Hub Group by 1,073.5% during the first quarter. Jacobs Levy Equity Management Inc. now owns 156,577 shares of the transportation company’s stock worth $5,820,000 after purchasing an additional 143,234 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of Hub Group by 184.7% during the first quarter. Edgestream Partners L.P. now owns 210,420 shares of the transportation company’s stock worth $7,821,000 after purchasing an additional 136,522 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in shares of Hub Group by 585.6% during the first quarter. Teacher Retirement System of Texas now owns 136,935 shares of the transportation company’s stock worth $5,090,000 after purchasing an additional 116,963 shares during the period. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBG. Baird R W upgraded shares of Hub Group to a “strong-buy” rating in a report on Tuesday, July 1st. Stifel Nicolaus set a $41.00 target price on shares of Hub Group and gave the company a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings cut shares of Hub Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Saturday. UBS Group reiterated a “neutral” rating and issued a $38.00 target price (up from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Finally, Susquehanna reduced their target price on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, September 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus price target of $39.64.

Hub Group Trading Up 1.3%

NASDAQ:HUBG opened at $35.62 on Monday. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 21.59, a P/E/G ratio of 1.23 and a beta of 1.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The company’s 50 day moving average is $35.88 and its 200-day moving average is $34.70.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS 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 company had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same quarter last year, the firm posted $0.47 earnings per share. The company’s quarterly revenue 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. Equities analysts anticipate that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

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

Hub Group Company 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.