SG Americas Securities LLC Reduces Holdings in Hub Group, Inc. $HUBG

SG Americas Securities LLC decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 48.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,604 shares of the transportation company’s stock after selling 28,863 shares during the period. SG Americas Securities LLC’s holdings in Hub Group were worth $1,054,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HUBG. Geode Capital Management LLC grew its holdings in shares of Hub Group by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,520,025 shares of the transportation company’s stock worth $50,821,000 after acquiring an additional 9,608 shares during the period. River Road Asset Management LLC boosted its position in shares of Hub Group by 79.2% during the second quarter. River Road Asset Management LLC now owns 1,103,402 shares of the transportation company’s stock valued at $38,641,000 after purchasing an additional 487,703 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Hub Group by 44.8% in the third quarter. Deprince Race & Zollo Inc. now owns 996,567 shares of the transportation company’s stock worth $34,322,000 after purchasing an additional 308,379 shares during the period. Qube Research & Technologies Ltd raised its holdings in Hub Group by 149.7% in the second quarter. Qube Research & Technologies Ltd now owns 560,265 shares of the transportation company’s stock worth $18,730,000 after purchasing an additional 335,871 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Hub Group by 0.4% in the second quarter. Bank of New York Mellon Corp now owns 552,733 shares of the transportation company’s stock worth $18,478,000 after purchasing an additional 2,249 shares in the last quarter. 46.77% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on HUBG shares. Zacks Research upgraded shares of Hub Group from a “strong sell” rating to a “hold” rating in a report on Monday, December 1st. Cowen reissued a “hold” rating on shares of Hub Group in a research report on Monday, January 12th. Robert W. Baird set a $47.00 price objective on shares of Hub Group in a report on Tuesday, January 6th. Wells Fargo & Company assumed coverage on shares of Hub Group in a research note on Friday, December 5th. They set an “overweight” rating and a $47.00 target price for the company. Finally, Morgan Stanley set a $46.00 price target on Hub Group and gave the stock an “equal weight” rating in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $45.53.

Hub Group Stock Performance

Shares of HUBG opened at $46.87 on Monday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 1.34 and a beta of 1.14. The business’s fifty day simple moving average is $41.49 and its two-hundred day simple moving average is $37.68. Hub Group, Inc. has a 12 month low of $30.75 and a 12 month high of $47.68. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Hub Group had a return on equity of 6.58% and a net margin of 2.82%.The firm 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 company posted $0.52 earnings per share. The company’s quarterly revenue was down 5.3% on a year-over-year basis. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Research analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Friday, December 5th were paid a $0.125 dividend. The ex-dividend date was Friday, December 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.1%. Hub Group’s payout ratio is currently 28.90%.

Insider Activity at Hub Group

In related news, Director Gary Yablon acquired 4,566 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were bought at an average price of $43.73 per share, for a total transaction of $199,671.18. Following the completion of the transaction, the director directly owned 32,778 shares in the company, valued at approximately $1,433,381.94. This trade represents a 16.18% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phillip D. Yeager sold 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $43.68, for a total transaction of $1,397,760.00. Following the completion of the sale, the chief executive officer owned 168,315 shares in the company, valued at $7,351,999.20. This represents a 15.97% decrease in their position. The SEC filing for this sale provides additional information. 3.48% of the stock is owned by insiders.

Hub Group Profile

Hub Group, Inc (NASDAQ: HUBG) is a leading supply chain solutions provider headquartered in Oak Brook, Illinois. Founded in 1971 as Hub City Terminals and renamed Hub Group in 1978, the company completed its initial public offering in 2007. Over the decades, Hub Group has developed a comprehensive multimodal transportation network, leveraging partnerships with major rail carriers and an extensive drayage fleet to offer cost-efficient, sustainable shipping alternatives.

The company operates through two primary segments: Intermodal and Transportation Management.