Hub Group, Inc. (NASDAQ:HUBG) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in Hub Group, Inc. (NASDAQ:HUBG) by 4.7% during the fourth quarter, Holdings Channel.com reports. The firm owned 20,118 shares of the transportation company’s stock after purchasing an additional 899 shares during the period. Federated Hermes Inc.’s holdings in Hub Group were worth $1,850,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Anchor Investment Management LLC purchased a new stake in shares of Hub Group in the 4th quarter valued at $37,000. Adirondack Trust Co. purchased a new stake in shares of Hub Group in the 3rd quarter valued at $39,000. Exchange Traded Concepts LLC raised its holdings in shares of Hub Group by 60.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 795 shares of the transportation company’s stock valued at $62,000 after buying an additional 299 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Hub Group in the 3rd quarter valued at $63,000. Finally, Parkside Financial Bank & Trust raised its holdings in shares of Hub Group by 20.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 861 shares of the transportation company’s stock valued at $68,000 after buying an additional 145 shares during the period. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Analyst Upgrades and Downgrades

HUBG has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Hub Group from $43.50 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Susquehanna lowered their target price on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Stifel Nicolaus boosted their target price on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Morgan Stanley boosted their target price on Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, February 12th. Finally, TD Cowen boosted their target price on Hub Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $46.54.

Hub Group Trading Down 0.6 %

NASDAQ:HUBG opened at $39.93 on Monday. The stock has a 50-day simple moving average of $41.88 and a 200-day simple moving average of $41.61. The stock has a market cap of $2.51 billion, a P/E ratio of 19.01 and a beta of 0.89. Hub Group, Inc. has a 1 year low of $31.73 and a 1 year high of $47.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.04. The business had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a return on equity of 8.47% and a net margin of 3.28%. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. As a group, analysts anticipate that Hub Group, Inc. will post 2.15 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. Hub Group’s dividend payout ratio (DPR) is presently 23.81%.

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.