Cherokee Insurance Co Buys New Position in Hub Group, Inc. $HUBG

by · The Cerbat Gem

Cherokee Insurance Co purchased a new position in shares of Hub Group, Inc. (NASDAQ:HUBG – Free Report) during the second quarter, Holdings Channel.com reports. The fund purchased 8,000 shares of the transportation company’s stock, valued at approximately $267,000.

A number of other institutional investors also recently made changes to their positions in HUBG. GAMMA Investing LLC lifted its position in 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 purchasing an additional 850 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of Hub Group in the 1st quarter worth $1,482,000. Raymond James Financial Inc. lifted its holdings in shares of Hub Group by 14.4% in the first quarter. Raymond James Financial Inc. now owns 239,146 shares of the transportation company’s stock valued at $8,890,000 after buying an additional 30,083 shares during the period. State of Alaska Department of Revenue lifted its holdings in shares of Hub Group by 7.4% in the second quarter. State of Alaska Department of Revenue now owns 36,140 shares of the transportation company’s stock valued at $1,207,000 after buying an additional 2,480 shares during the period. Finally, Northern Trust Corp boosted its stake in Hub Group by 0.9% during the first quarter. Northern Trust Corp now owns 631,515 shares of the transportation company’s stock valued at $23,473,000 after buying an additional 5,800 shares in the last quarter. 46.77% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HUBG has been the subject of a number of research analyst reports. Weiss Ratings raised shares of Hub Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of Hub Group in a research note on Wednesday, October 8th. BMO Capital Markets raised their target price on shares of Hub Group from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Monday, November 3rd. Barclays dropped their price target on Hub Group from $40.00 to $38.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Finally, Stifel Nicolaus set a $41.00 price objective on Hub Group and gave the stock a “buy” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $39.83.

View Our Latest Stock Analysis on HUBG

Hub Group Stock Up 0.9%

Shares of NASDAQ:HUBG opened at $35.96 on Thursday. The firm has a 50 day simple moving average of $35.64 and a 200 day simple moving average of $34.96. Hub Group, Inc. has a 52 week low of $30.75 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $2.20 billion, a PE ratio of 21.79, a price-to-earnings-growth ratio of 1.23 and a beta of 1.14.

Hub Group (NASDAQ:HUBG – Get Free Report) last announced its earnings results 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 company had revenue of $934.50 million for the quarter, compared to the consensus estimate of $937.78 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. The company’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. As a group, research analysts expect that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Friday, September 12th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Hub Group’s dividend payout ratio is currently 28.90%.

Hub Group Company Profile

(Free Report)

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.

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