Federated Hermes Inc. Sells 15,121 Shares of Hub Group, Inc. (NASDAQ:HUBG)

Federated Hermes Inc. lessened its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 37.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,512 shares of the transportation company’s stock after selling 15,121 shares during the quarter. Federated Hermes Inc.’s holdings in Hub Group were worth $1,098,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Family Firm Inc. purchased a new position in Hub Group in the 2nd quarter worth approximately $26,000. Silicon Valley Capital Partners grew its position in Hub Group by 100.6% in the first quarter. Silicon Valley Capital Partners now owns 682 shares of the transportation company’s stock worth $29,000 after acquiring an additional 342 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in Hub Group by 81.5% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 744 shares of the transportation company’s stock worth $32,000 after acquiring an additional 334 shares in the last quarter. Fidelis Capital Partners LLC bought a new position in Hub Group in the first quarter valued at $38,000. Finally, Versant Capital Management Inc raised its position in Hub Group by 109.2% during the first quarter. Versant Capital Management Inc now owns 1,096 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 46.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on HUBG. Evercore ISI reiterated an “in-line” rating and set a $44.00 price objective on shares of Hub Group in a research report on Tuesday, June 25th. Susquehanna reduced their price target on Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. UBS Group boosted their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus lowered their price target 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, JPMorgan Chase & Co. raised their price target on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $45.19.

Hub Group Stock Performance

Shares of Hub Group stock opened at $45.66 on Friday. The business has a fifty day simple moving average of $44.53 and a two-hundred day simple moving average of $43.06. The firm has a market capitalization of $2.85 billion, a P/E ratio of 21.74 and a beta of 0.89. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13. Hub Group, Inc. has a 12 month low of $31.73 and a 12 month high of $48.39.

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

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Friday, September 6th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Friday, September 6th. Hub Group’s dividend payout ratio (DPR) is presently 23.81%.

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.