Cherokee Insurance Co Invests $267,000 in Hub Group, Inc. $HUBG

Cherokee Insurance Co invested $267,000 in Hub Group, Inc. by purchasing 8,000 shares in Q2, as per their latest SEC filing. Other investors like GAMMA Investing LLC, Caitong International Asset Management, and Quarry LP also increased their stakes. Analysts have mixed ratings on HUBG, with a consensus price target of $39.83. Hub Group's recent earnings report showed a slight revenue decline and a net margin of 2.65%. The company announced a quarterly dividend of $0.125 per share.

Cherokee Insurance Co purchased a new position in Hub Group, Inc. (NASDAQ:HUBG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 8,000 shares of the transportation company's stock, valued at approximately $267,000.

A number of other large investors have also recently added to or reduced their stakes in HUBG. GAMMA Investing LLC increased its position in shares of Hub Group by 161.9% in the 2nd 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 last quarter. Caitong International Asset Management Co. Ltd grew its stake in Hub Group by 139,500.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 1,396 shares of the transportation company's stock worth $52,000 after purchasing an additional 1,395 shares in the last quarter. Quarry LP increased its holdings 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 buying an additional 1,890 shares during the last quarter. Vanguard Personalized Indexing Management LLC bought a new stake in Hub Group in the second quarter valued at about $211,000. Finally, EP Wealth Advisors LLC raised its stake 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 buying an additional 776 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HUBG has been the subject of several research reports. Benchmark reiterated a "buy" rating and issued a $40.00 target price on shares of Hub Group in a research report on Wednesday, October 8th. Raymond James Financial set a $40.00 target price on shares of Hub Group and gave the company an "outperform" rating in a research note on Tuesday, October 14th. Evercore ISI lifted their price target on shares of Hub Group from $37.00 to $38.00 and gave the company an "in-line" rating in a report on Friday, October 31st. Robert W. Baird lowered their price objective on shares of Hub Group from $44.00 to $42.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Hub Group from a "hold" rating to a "buy" rating and set a $41.00 target price on the stock in a report on Wednesday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.83.

Read Our Latest Stock Analysis on Hub Group

Hub Group Trading Up 0.9%

Shares of NASDAQ:HUBG opened at $35.96 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.08. The company's 50-day moving average price is $35.64 and its 200 day moving average price is $34.96. The company has a market cap of $2.20 billion, a PE ratio of 21.79, a P/E/G ratio of 1.23 and a beta of 1.14. Hub Group, Inc. has a fifty-two week low of $30.75 and a fifty-two week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $934.50 million for the quarter, compared to analyst estimates of $937.78 million. Hub Group had a net margin of 2.65% and a return on equity of 6.81%. Hub Group's revenue was down 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.52 earnings per share. Hub Group has set its FY 2025 guidance at 1.800-1.900 EPS. Sell-side analysts anticipate that Hub Group, Inc. will post 2.2 earnings per share for the current year.

Hub Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Friday, September 12th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Friday, September 12th. Hub Group's payout ratio is 28.90%.

About Hub Group

(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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