Peregrine Capital Management LLC grew its stake in Hub Group Inc (NASDAQ:HUBG) by 2.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,898 shares of the transportation company’s stock after buying an additional 10,030 shares during the quarter. Peregrine Capital Management LLC owned approximately 1.10% of Hub Group worth $17,278,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC Asset Management Inc purchased a new stake in Hub Group in the second quarter worth about $216,000. Amalgamated Bank purchased a new stake in Hub Group in the second quarter worth about $256,000. Sawtooth Solutions LLC purchased a new stake in Hub Group in the second quarter worth about $262,000. Tower Research Capital LLC TRC increased its position in Hub Group by 16.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock worth $336,000 after buying an additional 973 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Hub Group in the second quarter worth about $355,000. Institutional investors and hedge funds own 91.22% of the company’s stock.
NASDAQ:HUBG opened at $43.85 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.18 and a quick ratio of 1.18. Hub Group Inc has a 12-month low of $38.40 and a 12-month high of $56.60. The stock has a market cap of $1.52 billion, a P/E ratio of 18.84 and a beta of 1.52.
In related news, Director Charles R. Reaves sold 2,500 shares of the stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total transaction of $125,600.00. Following the completion of the sale, the director now owns 68,768 shares in the company, valued at $3,454,904.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 5.75% of the company’s stock.
A number of analysts have commented on the company. BidaskClub upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 8th. Morgan Stanley upped their price target on Hub Group from $45.00 to $49.00 and gave the stock an “equal weight” rating in a research report on Monday, August 6th. Loop Capital reduced their price target on Hub Group to $58.00 and set a “buy” rating for the company in a research report on Tuesday, September 4th. UBS Group upped their price target on Hub Group from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Finally, Stephens set a $62.00 target price on Hub Group and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. Hub Group has an average rating of “Hold” and a consensus price target of $53.69.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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