KLP Kapitalforvaltning AS Has $692,000 Position in Hub Group, Inc. $HUBG

KLP Kapitalforvaltning AS cut its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 33.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,700 shares of the transportation company’s stock after selling 10,400 shares during the period. KLP Kapitalforvaltning AS’s holdings in Hub Group were worth $692,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Hub Group by 440.3% during the 1st quarter. Farther Finance Advisors LLC now owns 859 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 700 shares during the period. GAMMA Investing LLC raised its position in shares of Hub Group by 161.9% during the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after purchasing an additional 850 shares during the period. Caitong International Asset Management Co. Ltd grew its holdings in shares of Hub Group by 139,500.0% during the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock valued at $52,000 after buying an additional 1,395 shares during the last quarter. TD Private Client Wealth LLC raised its stake in shares of Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company’s stock worth $67,000 after purchasing an additional 850 shares during the last quarter. Finally, Quarry LP boosted its holdings in Hub Group by 4,500.0% during the 1st quarter. Quarry LP now owns 1,932 shares of the transportation company’s stock worth $72,000 after acquiring an additional 1,890 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of recent analyst reports. UBS Group reiterated a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a research note on Friday, October 10th. Weiss Ratings raised shares of Hub Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. decreased their price objective on shares of Hub Group from $43.00 to $41.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Barclays lowered their price objective on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. Finally, Evercore ISI set a $37.00 price target on shares of Hub Group and gave the stock an “in-line” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.64.

Hub Group Stock Up 5.8%

HUBG opened at $36.66 on Friday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.19 and a beta of 1.12. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average price of $35.79 and a 200-day moving average price of $34.61.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.45 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $913.53 million. During the same quarter in the prior year, the firm earned $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. Equities research analysts forecast that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were issued a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. Hub Group’s payout ratio is currently 30.30%.

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.