The Manufacturers Life Insurance Company increased its stake in Hub Group, Inc. (NASDAQ:HUBG) by 3.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,762 shares of the transportation company’s stock after purchasing an additional 858 shares during the quarter. The Manufacturers Life Insurance Company owned 0.08% of Hub Group worth $1,025,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in HUBG. Nuance Investments LLC increased its holdings in shares of Hub Group by 229.7% in the 2nd quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock valued at $58,199,000 after purchasing an additional 1,057,338 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Hub Group by 4.1% in the 2nd quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock valued at $201,232,000 after purchasing an additional 209,062 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hub Group by 42.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock valued at $24,843,000 after purchasing an additional 193,994 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Hub Group by 345.4% in the 2nd quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock valued at $9,031,000 after purchasing an additional 182,622 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Hub Group by 7.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock valued at $96,575,000 after acquiring an additional 177,503 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
Several equities analysts have weighed in on HUBG shares. Cowen and Company dropped their target price on shares of Hub Group from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, July 27th. Barclays PLC dropped their target price on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Zacks Investment Research downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a report on Monday, July 31st. BidaskClub downgraded shares of Hub Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Finally, KeyCorp restated a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. Hub Group presently has an average rating of “Hold” and a consensus target price of $45.36.
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Shares of Hub Group, Inc. (HUBG) opened at $43.70 on Monday. Hub Group, Inc. has a 12 month low of $33.17 and a 12 month high of $52.50. The stock has a market cap of $1,490.74, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.46. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period last year, the company earned $0.54 EPS. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. sell-side analysts predict that Hub Group, Inc. will post 1.69 earnings per share for the current fiscal year.
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 transaction of $225,600.00. Following the sale, the director now directly owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 5.36% of the stock is owned by company insiders.
Hub Group 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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