Hub Group, Inc. $HUBG Stock Holdings Increased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 3.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 99,188 shares of the transportation company’s stock after acquiring an additional 3,288 shares during the quarter. Envestnet Asset Management Inc. owned about 0.16% of Hub Group worth $3,316,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oppenheimer Asset Management Inc. raised its stake in shares of Hub Group by 21.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 9,551 shares of the transportation company’s stock valued at $319,000 after purchasing an additional 1,683 shares in the last quarter. MQS Management LLC acquired a new position in Hub Group during the 2nd quarter valued at about $688,000. State of New Jersey Common Pension Fund D raised its position in shares of Hub Group by 20.7% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 55,314 shares of the transportation company’s stock worth $1,849,000 after buying an additional 9,505 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of Hub Group by 539.0% in the 2nd quarter. AlphaQuest LLC now owns 66,860 shares of the transportation company’s stock worth $2,235,000 after acquiring an additional 56,397 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new position in shares of Hub Group in the second quarter valued at approximately $381,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on HUBG shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Hub Group in a report on Thursday. Stifel Nicolaus set a $41.00 price target on Hub Group and gave the company a “buy” rating in a research report on Friday, October 3rd. Susquehanna dropped their price objective on Hub Group from $47.00 to $42.00 and set a “positive” rating on the stock in a research note on Wednesday, September 24th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of Hub Group in a research note on Wednesday, October 8th. Finally, BMO Capital Markets lifted their target price on Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.83.

Hub Group Trading Down 0.2%

Shares of NASDAQ HUBG opened at $35.54 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $53.21. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 21.54, a P/E/G ratio of 1.23 and a beta of 1.14. The business has a fifty day simple moving average of $35.57 and a 200-day simple moving average of $35.01.

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

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Hub Group’s dividend payout ratio (DPR) is 28.90%.

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.