First Trust Advisors LP Sells 310,172 Shares of Hub Group, Inc. $HUBG

First Trust Advisors LP decreased its position in Hub Group, Inc. (NASDAQ:HUBG) by 13.9% in the second quarter, Holdings Channel reports. The firm owned 1,922,656 shares of the transportation company’s stock after selling 310,172 shares during the period. First Trust Advisors LP’s holdings in Hub Group were worth $64,274,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. New York State Common Retirement Fund raised its position in Hub Group by 2.1% during the 2nd quarter. New York State Common Retirement Fund now owns 19,327 shares of the transportation company’s stock valued at $646,000 after purchasing an additional 397 shares in the last quarter. Vident Advisory LLC grew its position in shares of Hub Group by 3.3% during 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 in the last quarter. Baird Financial Group Inc. grew its position in shares of Hub Group by 0.6% during the 1st quarter. Baird Financial Group Inc. now owns 89,989 shares of the transportation company’s stock worth $3,345,000 after buying an additional 494 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of Hub Group by 3.2% during the first quarter. Natixis Advisors LLC now owns 18,471 shares of the transportation company’s stock valued at $687,000 after buying an additional 576 shares during the period. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Hub Group by 2.2% in the second quarter. Rockefeller Capital Management L.P. now owns 29,465 shares of the transportation company’s stock valued at $985,000 after acquiring an additional 626 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on HUBG shares. UBS Group reiterated a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a report on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hub Group in a research report on Tuesday, November 25th. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of Hub Group in a report on Wednesday, October 8th. Raymond James Financial set a $40.00 target price on Hub Group and gave the stock an “outperform” rating in a report on Tuesday, October 14th. Finally, BMO Capital Markets increased their target price on Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.38.

Hub Group Trading Up 4.1%

NASDAQ HUBG opened at $41.28 on Monday. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.09. The firm has a market cap of $2.52 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 1.44 and a beta of 1.16. The company has a 50 day moving average price of $36.11 and a 200 day moving average price of $35.45. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $51.03.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. The company had revenue of $934.50 million during the quarter, compared to the consensus estimate of $937.78 million. During the same period last year, the firm earned $0.52 earnings per share. Hub Group’s revenue was down 5.3% compared to the same quarter last year. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, sell-side analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th will be given a $0.125 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Hub Group’s dividend payout ratio (DPR) 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.