Vestmark Advisory Solutions Inc. Acquires 14,549 Shares of Hub Group, Inc. $HUBG

Vestmark Advisory Solutions Inc. boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 156.9% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 23,822 shares of the transportation company’s stock after buying an additional 14,549 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Hub Group were worth $796,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of HUBG. Bank of New York Mellon Corp boosted its stake in shares of Hub Group by 0.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 552,733 shares of the transportation company’s stock worth $18,478,000 after acquiring an additional 2,249 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Hub Group by 14.4% in the 2nd quarter. Teacher Retirement System of Texas now owns 156,645 shares of the transportation company’s stock valued at $5,237,000 after acquiring an additional 19,710 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in Hub Group by 136.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 64,915 shares of the transportation company’s stock worth $2,170,000 after purchasing an additional 37,477 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Hub Group by 3.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 99,188 shares of the transportation company’s stock worth $3,316,000 after purchasing an additional 3,288 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its position in Hub Group by 21.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,551 shares of the transportation company’s stock worth $319,000 after purchasing an additional 1,683 shares during the period. 46.77% of the stock is currently owned by institutional investors.

Hub Group Trading Down 0.8%

Shares of HUBG stock opened at $35.42 on Tuesday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 21.47, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. Hub Group, Inc. has a 1 year low of $30.75 and a 1 year high of $53.21. The firm’s fifty day simple moving average is $35.69 and its 200 day simple moving average is $34.93. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company had revenue of $934.50 million for the quarter, compared to analyst estimates of $937.78 million. During the same period last year, the business posted $0.52 EPS. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, sell-side analysts predict 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. Investors of record on Friday, September 12th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Hub Group’s payout ratio is currently 28.90%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HUBG. JPMorgan Chase & Co. lifted their price target on shares of Hub Group from $41.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, October 31st. BMO Capital Markets raised their target price on shares of Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Monday, November 3rd. Evercore ISI boosted their target price on shares of Hub Group from $37.00 to $38.00 and gave the stock an “in-line” rating in a research report on Friday, October 31st. Susquehanna decreased their price target on shares of Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a report on Wednesday, September 24th. Finally, Robert W. Baird lowered their price target on Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a research report on Monday, August 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average target price of $39.83.

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.