Royce & Associates LP lessened its holdings in shares of Hub Group, Inc. (NASDAQ:HUBG) by 4.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 314,900 shares of the transportation company’s stock after selling 15,800 shares during the quarter. Royce & Associates LP owned approximately 0.92% of Hub Group worth $12,076,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. lifted its holdings in Hub Group by 9.4% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 258,454 shares of the transportation company’s stock worth $11,993,000 after purchasing an additional 22,156 shares during the last quarter. Algert Global LLC bought a new stake in shares of Hub Group during the first quarter valued at approximately $290,000. Vanguard Group Inc. grew its position in Hub Group by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,827,867 shares of the transportation company’s stock valued at $131,212,000 after acquiring an additional 99,076 shares during the period. Amalgamated Bank bought a new stake in Hub Group in the first quarter valued at $206,000. Finally, Highbridge Capital Management LLC bought a new stake in Hub Group in the first quarter valued at $1,166,000. Institutional investors and hedge funds own 91.08% of the company’s stock.
Shares of Hub Group, Inc. (HUBG) opened at 39.50 on Friday. The company has a market capitalization of $1.35 billion, a P/E ratio of 23.53 and a beta of 1.38. The firm has a 50 day moving average price of $36.72 and a 200 day moving average price of $39.56. Hub Group, Inc. has a one year low of $33.17 and a one year high of $52.50.
Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.08). Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The business had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. During the same period in the previous year, the business earned $0.61 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, equities research analysts predict that Hub Group, Inc. will post $1.49 EPS for the current fiscal year.
A number of analysts have weighed in on the company. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, July 5th. Cowen and Company decreased their target price on Hub Group from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday, July 27th. Stifel Nicolaus restated a “buy” rating and set a $45.00 target price on shares of Hub Group in a report on Thursday, September 7th. Finally, J P Morgan Chase & Co initiated coverage on Hub Group in a research note on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price target on the stock. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $40.83.
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In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the sale, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.36% of the company’s stock.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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