State of Alaska Department of Revenue Has $1.21 Million Holdings in Hub Group, Inc. $HUBG

State of Alaska Department of Revenue lifted its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 36,140 shares of the transportation company’s stock after buying an additional 2,480 shares during the period. State of Alaska Department of Revenue owned about 0.06% of Hub Group worth $1,207,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its holdings in shares of Hub Group by 4.4% during the first quarter. Invesco Ltd. now owns 1,919,026 shares of the transportation company’s stock worth $71,330,000 after buying an additional 80,718 shares in the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Hub Group by 90.3% in 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 last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Hub Group by 6.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 935,026 shares of the transportation company’s stock worth $34,755,000 after purchasing an additional 55,206 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Hub Group by 9.9% in the first quarter. HighTower Advisors LLC now owns 862,893 shares of the transportation company’s stock worth $32,074,000 after purchasing an additional 77,571 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Hub Group in the first quarter worth $28,380,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Trading Up 0.8%

HUBG opened at $34.16 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21. The firm has a market capitalization of $2.09 billion, a PE ratio of 20.70, a P/E/G ratio of 1.15 and a beta of 1.12. The company’s 50-day moving average is $35.81 and its 200 day moving average is $34.76.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.45 earnings per share for the quarter, topping 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 in the prior year, the business posted $0.47 EPS. The firm’s 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. As a group, research analysts predict that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, September 12th. Hub Group’s dividend payout ratio is currently 30.30%.

Analysts Set New Price Targets

HUBG has been the topic of several analyst reports. Evercore ISI set a $37.00 price objective on shares of Hub Group and gave the stock an “in-line” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 23rd. Stifel Nicolaus set a $41.00 price objective on shares of Hub Group and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings reissued a “sell (d+)” rating on shares of Hub Group in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Hub Group from $39.00 to $36.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Hub Group presently has an average rating of “Moderate Buy” and a consensus target price of $38.46.

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.