Federated Hermes Inc. Lowers Position in Hub Group, Inc. (NASDAQ:HUBG)

Federated Hermes Inc. decreased its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 37.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,512 shares of the transportation company’s stock after selling 15,121 shares during the period. Federated Hermes Inc.’s holdings in Hub Group were worth $1,098,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Illinois Municipal Retirement Fund boosted its holdings in Hub Group by 105.0% during the 1st quarter. Illinois Municipal Retirement Fund now owns 35,192 shares of the transportation company’s stock worth $1,521,000 after acquiring an additional 18,023 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Hub Group by 111.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 42,792 shares of the transportation company’s stock worth $1,850,000 after purchasing an additional 22,542 shares during the last quarter. UniSuper Management Pty Ltd bought a new stake in Hub Group in the 1st quarter worth about $567,000. Seven Eight Capital LP increased its stake in Hub Group by 509.7% in the 1st quarter. Seven Eight Capital LP now owns 25,546 shares of the transportation company’s stock valued at $1,104,000 after buying an additional 21,356 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in shares of Hub Group by 102.0% during the 1st quarter. Retirement Systems of Alabama now owns 104,910 shares of the transportation company’s stock worth $4,534,000 after buying an additional 52,986 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HUBG. JPMorgan Chase & Co. increased their price target on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. TD Cowen downgraded shares of Hub Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $50.00 to $43.00 in a report on Thursday, July 18th. Stifel Nicolaus decreased their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, UBS Group lifted their price objective on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $45.19.

Hub Group Price Performance

Hub Group stock opened at $45.66 on Friday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 21.74 and a beta of 0.89. Hub Group, Inc. has a one year low of $31.73 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day moving average price of $44.53 and a 200-day moving average price of $43.06.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The business had revenue of $986.50 million during the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the previous year, the firm earned $0.72 EPS. The company’s quarterly revenue was down 5.2% compared to the same quarter last year. As a group, equities research analysts forecast that Hub Group, Inc. will post 1.93 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.

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.