Teacher Retirement System of Texas Boosts Stock Position in Hub Group, Inc. $HUBG

Teacher Retirement System of Texas grew its stake in Hub Group, Inc. (NASDAQ:HUBG) by 14.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,645 shares of the transportation company’s stock after purchasing an additional 19,710 shares during the period. Teacher Retirement System of Texas’ holdings in Hub Group were worth $5,237,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. KBC Group NV grew its position in Hub Group by 43.3% in the first quarter. KBC Group NV now owns 3,681 shares of the transportation company’s stock worth $137,000 after acquiring an additional 1,113 shares during the period. Principal Financial Group Inc. grew its position in Hub Group by 2.6% in the first quarter. Principal Financial Group Inc. now owns 302,467 shares of the transportation company’s stock worth $11,243,000 after acquiring an additional 7,729 shares during the period. TD Private Client Wealth LLC grew its position in Hub Group by 89.9% in the first quarter. TD Private Client Wealth LLC now owns 1,796 shares of the transportation company’s stock worth $67,000 after acquiring an additional 850 shares during the period. Banque Pictet & Cie SA purchased a new position in Hub Group in the first quarter worth approximately $437,000. Finally, Edgestream Partners L.P. grew its position in Hub Group by 184.7% in the first quarter. Edgestream Partners L.P. now owns 210,420 shares of the transportation company’s stock worth $7,821,000 after acquiring an additional 136,522 shares during the period. 46.77% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on HUBG shares. Raymond James Financial set a $40.00 price objective on Hub Group and gave the stock an “outperform” rating in a research report on Tuesday, October 14th. Robert W. Baird lowered their price objective on Hub Group from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Monday, August 4th. Evercore ISI increased their price objective on Hub Group from $37.00 to $38.00 and gave the stock an “in-line” rating in a research report on Friday. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of Hub Group in a research report on Wednesday, October 8th. Finally, UBS Group reiterated a “neutral” rating and issued a $38.00 price objective (up from $36.00) on shares of Hub Group in a research report on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.82.

Hub Group Trading Up 3.9%

HUBG opened at $36.83 on Friday. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The business has a fifty day simple moving average of $35.89 and a 200-day simple moving average of $34.76. The firm has a market cap of $2.25 billion, a P/E ratio of 22.32, a P/E/G ratio of 1.23 and a beta of 1.12. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08.

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

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Stockholders of record on Friday, September 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Hub Group’s dividend payout ratio (DPR) is presently 30.30%.

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.