Bank of New York Mellon Corp Purchases 2,249 Shares of Hub Group, Inc. $HUBG

Bank of New York Mellon Corp increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 552,733 shares of the transportation company’s stock after acquiring an additional 2,249 shares during the quarter. Bank of New York Mellon Corp owned about 0.90% of Hub Group worth $18,478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HUBG. GAMMA Investing LLC boosted its stake in Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after acquiring an additional 850 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Hub Group by 139,500.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 1,395 shares during the last quarter. Quarry LP lifted its holdings in shares of Hub Group by 4,500.0% during the 1st quarter. Quarry LP now owns 1,932 shares of the transportation company’s stock valued at $72,000 after purchasing an additional 1,890 shares during the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Hub Group in the 2nd quarter worth $211,000. Finally, EP Wealth Advisors LLC grew its stake in Hub Group by 15.5% during the 1st quarter. EP Wealth Advisors LLC now owns 5,785 shares of the transportation company’s stock worth $215,000 after buying an additional 776 shares during the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Hub Group Price Performance

Shares of NASDAQ:HUBG opened at $35.54 on Monday. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $53.21. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.08. The company has a market cap of $2.17 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. The company’s 50 day moving average is $35.57 and its 200 day moving average is $35.03.

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

Hub Group Dividend Announcement

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

Wall Street Analyst Weigh In

HUBG has been the topic of several recent analyst reports. UBS Group reaffirmed a “neutral” rating and set a $38.00 target price (up from $36.00) on shares of Hub Group in a research report on Friday, October 10th. JPMorgan Chase & Co. boosted their price target on Hub Group from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, October 31st. Stifel Nicolaus set a $41.00 price objective on shares of Hub Group and gave the company a “buy” rating in a report on Friday, October 3rd. Barclays lowered their target price on shares of Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Finally, BMO Capital Markets boosted their target price on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.83.

About Hub Group

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.