California State Teachers Retirement System cut its position in shares of Hub Group, Inc. (NASDAQ:HUBG) by 12.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,882 shares of the transportation company’s stock after selling 8,132 shares during the quarter. California State Teachers Retirement System owned 0.17% of Hub Group worth $2,220,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Hub Group by 4.1% in the second 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. Vanguard Group Inc. grew its stake in Hub Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after purchasing an additional 67,018 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hub Group by 7.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,518,237 shares of the transportation company’s stock valued at $96,575,000 after purchasing an additional 177,503 shares in the last quarter. Nuance Investments LLC grew its stake in Hub Group by 229.7% in the second 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. Finally, State Street Corp grew its stake in Hub Group by 0.6% in the second quarter. State Street Corp now owns 938,618 shares of the transportation company’s stock valued at $35,996,000 after purchasing an additional 5,141 shares in the last quarter. Institutional investors and hedge funds own 90.51% of the company’s stock.
A number of research firms have weighed in on HUBG. Barclays PLC raised their price target on Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. Wells Fargo & Company restated a “market perform” rating and issued a $46.00 price target (up from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. KeyCorp reaffirmed a “hold” rating on shares of Hub Group in a research report on Tuesday, September 26th. Zacks Investment Research cut Hub Group from a “buy” rating to a “hold” rating in a research report on Friday, October 6th. Finally, Loop Capital assumed coverage on Hub Group in a research report on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price objective for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $45.36.
Hub Group, Inc. (HUBG) opened at $43.80 on Tuesday. The firm has a market capitalization of $1,490.74, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.73 and a beta of 1.46. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. Hub Group, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $52.50.
Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. equities research analysts anticipate 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 Hub Group stock in a transaction on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the transaction, the director now directly owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.36% of the stock is owned by insiders.
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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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