Fisher Asset Management LLC Sells 118,920 Shares of Hub Group, Inc. $HUBG

Fisher Asset Management LLC decreased its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,610,461 shares of the transportation company’s stock after selling 118,920 shares during the quarter. Fisher Asset Management LLC’s holdings in Hub Group were worth $53,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Hub Group by 161.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,375 shares of the transportation company’s stock valued at $46,000 after buying an additional 850 shares during the period. Caitong International Asset Management Co. Ltd boosted its position 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 worth $52,000 after acquiring an additional 1,395 shares in the last quarter. Quarry LP increased its stake in Hub Group by 4,500.0% in the first 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 during the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in Hub Group in the second quarter valued at approximately $211,000. Finally, EP Wealth Advisors LLC raised its position in Hub Group by 15.5% during the first quarter. EP Wealth Advisors LLC now owns 5,785 shares of the transportation company’s stock valued at $215,000 after purchasing an additional 776 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Hub Group in a report on Tuesday, November 25th. BMO Capital Markets lifted their target price on Hub Group from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Monday, November 3rd. Susquehanna lowered their target price on Hub Group from $47.00 to $42.00 and set a “positive” rating for the company in a research note on Wednesday, September 24th. JPMorgan Chase & Co. raised their price target on shares of Hub Group from $41.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, October 31st. Finally, UBS Group reaffirmed a “neutral” rating and set a $38.00 price target (up from $36.00) on shares of Hub Group in a report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hub Group presently has an average rating of “Hold” and a consensus price target of $39.83.

Hub Group Stock Up 2.2%

Shares of NASDAQ HUBG opened at $39.43 on Tuesday. The company has a 50 day simple moving average of $35.69 and a 200 day simple moving average of $35.31. The firm has a market cap of $2.41 billion, a PE ratio of 23.90, 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 $52.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.42 and a quick ratio of 1.42.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 30th. The transportation company reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The firm had revenue of $934.50 million for the quarter, compared to analyst estimates of $937.78 million. During the same period in the previous year, the firm posted $0.52 EPS. The company’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. On average, research analysts forecast that Hub Group, Inc. will post 2.2 EPS for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 17th. Investors of record on Friday, December 5th will be issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, December 5th. Hub Group’s dividend payout ratio is presently 28.90%.

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.