VIRGINIA RETIREMENT SYSTEMS ET Al Grows Stock Position in Hub Group, Inc. $HUBG

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 78.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,414 shares of the transportation company’s stock after purchasing an additional 22,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Hub Group were worth $1,736,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in HUBG. Smartleaf Asset Management LLC boosted its stake in Hub Group by 33.4% during the 2nd quarter. Smartleaf Asset Management LLC now owns 1,282 shares of the transportation company’s stock worth $44,000 after purchasing an additional 321 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Hub Group by 161.9% in the second quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock worth $46,000 after buying an additional 850 shares in the last quarter. NewEdge Advisors LLC grew its stake in Hub Group by 333.8% during the 2nd quarter. NewEdge Advisors LLC now owns 1,488 shares of the transportation company’s stock valued at $50,000 after acquiring an additional 1,145 shares in the last quarter. Quarry LP grew its stake in 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 acquiring an additional 1,890 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in Hub Group in the 2nd quarter valued at about $211,000. 46.77% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBG has been the subject of a number of analyst reports. UBS Group restated a “neutral” rating and issued a $38.00 price target (up from $36.00) on shares of Hub Group in a research report on Friday, October 10th. Raymond James Financial set a $40.00 target price on Hub Group and gave the company an “outperform” rating in a report on Tuesday, October 14th. Wells Fargo & Company assumed coverage on Hub Group in a report on Friday, December 5th. They set an “overweight” rating and a $47.00 price target on the stock. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of Hub Group in a research report on Wednesday, October 8th. Finally, Barclays cut their price objective on shares of 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. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $41.29.

Hub Group Stock Performance

NASDAQ HUBG opened at $42.75 on Friday. The stock has a fifty day simple moving average of $39.38 and a 200-day simple moving average of $36.75. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.61 billion, a PE ratio of 24.71, a P/E/G ratio of 1.21 and a beta of 1.14. Hub Group, Inc. has a twelve month low of $30.75 and a twelve month high of $46.63.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data 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 firm had revenue of $934.50 million for the quarter, compared to analyst estimates of $937.78 million. Hub Group had a net margin of 2.82% and a return on equity of 6.58%. Hub Group’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Equities analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Friday, December 5th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.2%. Hub Group’s dividend payout ratio (DPR) is presently 28.90%.

Insider Activity at Hub Group

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

Hub Group Company 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.