Northern Trust Corp Increases Position in Hub Group, Inc. $HUBG

Northern Trust Corp boosted its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 631,515 shares of the transportation company’s stock after acquiring an additional 5,800 shares during the period. Northern Trust Corp owned 1.03% of Hub Group worth $23,473,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Invesco Ltd. grew its stake in Hub Group by 4.4% during the 1st quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company’s stock valued at $71,330,000 after acquiring an additional 80,718 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in Hub Group by 77.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,147,499 shares of the transportation company’s stock valued at $51,133,000 after acquiring an additional 499,621 shares in the last quarter. HighTower Advisors LLC grew its stake in Hub Group by 9.9% during the 1st quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company’s stock valued at $32,074,000 after acquiring an additional 77,571 shares in the last quarter. Nuveen LLC purchased a new stake in Hub Group during the 1st quarter valued at about $28,380,000. Finally, Segall Bryant & Hamill LLC grew its stake in Hub Group by 0.4% during the 1st quarter. Segall Bryant & Hamill LLC now owns 591,492 shares of the transportation company’s stock valued at $21,986,000 after acquiring an additional 2,351 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Stock Performance

Shares of HUBG stock opened at $37.42 on Monday. The firm’s 50 day moving average price is $35.24 and its 200-day moving average price is $35.44. 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, Inc. has a one year low of $30.75 and a one year high of $53.21. The firm has a market cap of $2.29 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.25 and a beta of 1.15.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The firm had revenue of $905.65 million for the quarter, compared to analyst estimates of $913.53 million. During the same period in the prior year, the business posted $0.47 EPS. The business’s revenue for the quarter 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. As a group, equities research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.3%. Hub Group’s dividend payout ratio is currently 30.30%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Baird R W raised shares of Hub Group to a “strong-buy” rating in a research note on Tuesday, July 1st. Benchmark dropped their price target on shares of Hub Group from $40.00 to $33.13 and set a “buy” rating for the company in a research note on Friday, May 9th. Susquehanna increased their price target on shares of Hub Group from $46.00 to $47.00 and gave the company a “positive” rating in a research note on Friday, August 1st. TD Cowen dropped their price target on shares of Hub Group from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Finally, Barclays dropped their price target on shares of Hub Group from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, May 12th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.35.

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.