Cubic Corporation (CUB) Position Reduced by Royal Bank of Canada

Royal Bank of Canada lessened its position in Cubic Corporation (NYSE:CUB) by 26.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,826 shares of the scientific and technical instruments company’s stock after selling 3,899 shares during the quarter. Royal Bank of Canada’s holdings in Cubic Corporation were worth $501,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Cubic Corporation by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 2,155,681 shares of the scientific and technical instruments company’s stock worth $113,820,000 after purchasing an additional 92,168 shares during the period. Geode Capital Management LLC increased its holdings in shares of Cubic Corporation by 3.1% during the 1st quarter. Geode Capital Management LLC now owns 191,604 shares of the scientific and technical instruments company’s stock worth $10,115,000 after purchasing an additional 5,755 shares during the period. UBS Group AG increased its holdings in shares of Cubic Corporation by 73.1% during the 1st quarter. UBS Group AG now owns 15,704 shares of the scientific and technical instruments company’s stock worth $829,000 after purchasing an additional 6,631 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Cubic Corporation by 1.3% during the 1st quarter. Renaissance Technologies LLC now owns 184,200 shares of the scientific and technical instruments company’s stock worth $9,726,000 after purchasing an additional 2,300 shares during the period. Finally, BlackRock Inc. increased its holdings in shares of Cubic Corporation by 45,983.5% during the 1st quarter. BlackRock Inc. now owns 3,781,155 shares of the scientific and technical instruments company’s stock worth $199,644,000 after purchasing an additional 3,772,950 shares during the period. Hedge funds and other institutional investors own 87.99% of the company’s stock.



Shares of Cubic Corporation (NYSE:CUB) opened at $53.00 on Monday. The company has a current ratio of 1.71, a quick ratio of 1.41 and a debt-to-equity ratio of 0.30. Cubic Corporation has a 12-month low of $39.58 and a 12-month high of $57.05.

Several research analysts have recently issued reports on CUB shares. Raymond James Financial, Inc. upgraded shares of Cubic Corporation from a “market perform” rating to a “strong-buy” rating and boosted their price objective for the stock from $53.00 to $60.00 in a report on Friday, September 22nd. Zacks Investment Research downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th. BidaskClub downgraded shares of Cubic Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. ValuEngine downgraded shares of Cubic Corporation from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $56.00 price objective (up previously from $48.00) on shares of Cubic Corporation in a report on Thursday, September 28th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $56.67.

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About Cubic Corporation

Cubic Corporation (Cubic) designs, integrates and operates systems, products and services that provide situational awareness for its customers in the transportation and defense industries. The Company operates in three business segments across the global transportation and defense markets, which include Cubic Transportation Systems (CTS), Cubic Global Defense (CGD) and Cubic Global Defense Services (CGD Services).

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Institutional Ownership by Quarter for Cubic Corporation (NYSE:CUB)

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