Public Employees Retirement Association of Colorado Sells 2,017 Shares of Hub Group, Inc. (HUBG)

Public Employees Retirement Association of Colorado trimmed its stake in shares of Hub Group, Inc. (NASDAQ:HUBG) by 21.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,178 shares of the transportation company’s stock after selling 2,017 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Hub Group were worth $308,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quantbot Technologies LP boosted its holdings in shares of Hub Group by 37.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after acquiring an additional 915 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after acquiring an additional 573 shares in the last quarter. Amalgamated Bank acquired a new position in shares of Hub Group in the 1st quarter worth approximately $206,000. US Bancorp DE boosted its holdings in shares of Hub Group by 235.9% in the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after acquiring an additional 3,880 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Hub Group by 79.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 6,608 shares of the transportation company’s stock worth $253,000 after acquiring an additional 2,918 shares in the last quarter. 90.51% of the stock is currently owned by institutional investors.

Shares of Hub Group, Inc. (NASDAQ HUBG) opened at $43.80 on Wednesday. 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, Inc. has a 1 year low of $33.17 and a 1 year high of $52.50. The company has a market cap of $1,494.15, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.46.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, beating the Zacks’ 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 business had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. equities research analysts forecast that Hub Group, Inc. will post 1.69 earnings per share for the current fiscal year.

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In related news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction on 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 owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.36% of the stock is owned by corporate insiders.

Several research firms have issued reports on HUBG. Stifel Nicolaus reaffirmed a “buy” rating and set a $45.00 price objective on shares of Hub Group in a report on Thursday, September 7th. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a report on Monday, October 2nd. UBS AG upped their price objective on Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Friday, October 27th. Cowen and Company reaffirmed a “hold” rating and set a $40.00 price objective on shares of Hub Group in a report on Monday, August 28th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Hub Group in a report on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $45.36.

About Hub Group

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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Institutional Ownership by Quarter for Hub Group (NASDAQ:HUBG)

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