Hub Group, Inc. $HUBG Holdings Boosted by Magnetar Financial LLC

Magnetar Financial LLC raised its stake in Hub Group, Inc. (NASDAQ:HUBG) by 15.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,223 shares of the transportation company’s stock after acquiring an additional 2,163 shares during the period. Magnetar Financial LLC’s holdings in Hub Group were worth $542,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Hub Group during the 2nd quarter valued at approximately $1,706,000. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Hub Group by 3.7% in the second quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 34,011 shares of the transportation company’s stock worth $1,137,000 after buying an additional 1,226 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in shares of Hub Group by 2.2% during the second quarter. Rockefeller Capital Management L.P. now owns 29,465 shares of the transportation company’s stock valued at $985,000 after acquiring an additional 626 shares during the period. SG Americas Securities LLC boosted its holdings in shares of Hub Group by 1,083.9% during the second quarter. SG Americas Securities LLC now owns 59,467 shares of the transportation company’s stock valued at $1,988,000 after acquiring an additional 54,444 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Hub Group by 7.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,576 shares of the transportation company’s stock worth $521,000 after acquiring an additional 1,039 shares during the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Hub Group Stock Performance

HUBG opened at $37.17 on Tuesday. The business has a 50 day moving average price of $35.47 and a two-hundred day moving average price of $35.18. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14. Hub Group, Inc. has a 1-year low of $30.75 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly 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 company had revenue of $934.50 million for the quarter, compared to analysts’ expectations of $937.78 million. Hub Group had a return on equity of 6.81% and a net margin of 2.65%.The firm’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Research analysts predict that Hub Group, Inc. will post 2.2 EPS for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 17th. Shareholders of record on Friday, December 5th will be given a $0.125 dividend. The ex-dividend date is Friday, December 5th. This represents a $0.50 annualized dividend and a yield of 1.3%. Hub Group’s payout ratio is 28.90%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HUBG. UBS Group reissued 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. Barclays reduced their price objective on Hub Group from $40.00 to $38.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. Stifel Nicolaus set a $41.00 target price on Hub Group and gave the company a “buy” rating in a research report on Friday, October 3rd. 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 report on Friday, October 31st. Finally, Raymond James Financial set a $40.00 price target on Hub Group and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.83.

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.