Oppenheimer Asset Management Inc. Raises Stock Position in Hub Group, Inc. $HUBG

Oppenheimer Asset Management Inc. raised its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,551 shares of the transportation company’s stock after purchasing an additional 1,683 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Hub Group were worth $319,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in shares of 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 buying an additional 80,718 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Hub Group by 90.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,248,265 shares of the transportation company’s stock valued at $46,398,000 after buying an additional 592,443 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Hub Group by 6.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 935,026 shares of the transportation company’s stock valued at $34,755,000 after buying an additional 55,206 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of 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 buying an additional 77,571 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Hub Group during the 1st quarter valued at $28,380,000. 46.77% of the stock is owned by hedge funds and other institutional investors.

Hub Group Price Performance

HUBG opened at $36.83 on Monday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market capitalization of $2.25 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.23 and a beta of 1.12. The company’s 50-day simple moving average is $35.89 and its two-hundred day simple moving average is $34.80. Hub Group, Inc. has a 52-week low of $30.75 and a 52-week high of $53.21.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $934.50 million for the quarter, compared to analysts’ expectations of $937.78 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The business’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, analysts predict that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 12th. This represents a $0.50 annualized dividend and a yield of 1.4%. Hub Group’s dividend payout ratio is currently 28.90%.

Analyst Upgrades and Downgrades

HUBG has been the topic of a number of research reports. UBS Group restated a “neutral” rating and set a $38.00 target price (up previously from $36.00) on shares of Hub Group in a report on Friday, October 10th. Barclays dropped their target price on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Robert W. Baird dropped their target price on shares of Hub Group from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, August 4th. Zacks Research cut shares of Hub Group from a “hold” rating to a “strong sell” rating in a report on Monday, October 6th. Finally, Raymond James Financial set a $40.00 price target on Hub Group and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $39.82.

Hub Group Company 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.